15031 Us-331 Bus Freeport, FL 32439

This exceptional investment opportunity presents a stabilized, 31-unit single-family rental portfolio in Freeport, Florida's rapidly growing Walton County. The property comprises 31 detached, three-bedroom, two-bathroom units, each offering 1,007 square feet of living space. Built in 2007 and recently renovated (2022-2024), including brand new roofs on all units, this Class C property boasts a current NOI of $480,000 and a pro-forma NOI of $525,000, resulting in a current cap rate of 6.91% and a pro-forma cap rate of 7.55%. The asking price is $6,950,000, translating to $224,193.55 per unit. Currently 100% occupied with a waiting list, this property sits on a 5.45-acre lot and is zoned for residential multi-family use. The property's strong performance, coupled with its location in a high-growth area, makes it an attractive investment with significant potential for long-term appreciation. This is a rare opportunity to acquire a well-maintained, high-performing rental portfolio in a desirable location. The property features a total of 31 buildings, each a single-story structure. The property is not subject to a ground lease.