1218 N 20Th Street, DeFuniak Springs, FL 32433

$2,050,000

bedrooms

bathrooms

square feet

Acreage

2.16

Open Houses

year built

Full Baths

Half Baths

Find out more

Investment Opportunity: 16-Unit Portfolio in DeFuniak Springs, Florida. Pleased to present a remarkable investment opportunity, featuring a well-maintained portfolio of 16 units. This offering includes six duplexes, each with 2 bedrooms and 1 bathroom, encompassing 878 square feet, and one quadplex, with each unit featuring 2 bedrooms and 1 bathroom at 752 square feet. Priced at $2,050,000, this property promises exceptional investment potential. The current owner is motivated to sell as he plans to develop a new apartment complex on his adjacent land. To facilitate a smooth transaction, he is open to offering attractive financing terms: Down Payment: 30% Interest Rate: 9% Amortization: Over 30 years with a balloon payment due in 10 years. The property currently generates a monthly rent of $15,625, and with the Resident Benefits Package, the total monthly tenant payments reach $16,215. (100% occupied) The portfolio is professionally managed to ensure the property remains well-maintained, leading to consistent rental income and minimal vacancies. Current management company would love to stay in place and offer their management services to the new owner, ensuring a seamless transition and continued high-quality management of the units.

Location
Subdivision	-
County	Walton
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

Find out more

Tell us who you are, and we will have someone reach out to you.

Name*

Email*

Phone*

Message

I have a house to sell

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from Kotohomes, Keith R Wood, and their network of service providers about your inquiry and other home-related matters.

Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.

MLS number: 956528

Listing agent: Keith R Wood

Listing broker: Era American Real Estate (850) 651-2454

Copyright © 2025 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, March 25 2025 at 1:58 a.m. EDT

Kotohomes National