Riviera Place Apartments

For Sale

125 N Davis Ln, Defuniak Springs, FL 32433

This Defuniak Springs property for sale is located at 125 N Davis Ln. The general use of Riviera Place Apartments is multi-family and it incorporates 42,000 square feet of class C multi-family space. The current listed sale price for Riviera Place Apartments is $6,795,000. Riviera Place Apartments is situated on a lot that is 3.4 acre in size.

Contacts

broker
Gordon MacLean, CCIM

Riviera Realty Group

Property Details

  • Property Type Multi-Family
  • Property Size 42,000 SF
  • Units 55
  • Lot Size 3.4 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Renovated 2023
  • Date Updated Mar 21, 2025
Discover the charm and potential of the Defuniak Springs, FL area. Nestled in Northwest Florida, this locale offers a captivating blend of small-town ambiance and strategic positioning. Investors will appreciate the area's proximity to major thoroughfares, connecting them to key business hubs and markets. Notable nearby attractions include the historic downtown area, scenic Chautauqua Vineyard & Winery, and the pristine shores of Lake DeFuniak. With a growing economy and a blossoming local community, the area surrounding the property presents an appealing opportunity for Office/Office Building investors seeking a vibrant and dynamic market to bring their vision to life.Introducing a prime investment opportunity in Northwest Florida! Discover a meticulously renovated 42,000 SF, 55-unit multifamily gem, boasting a prime location zoned for Multifamily use. This property is a beacon of opportunity, with a track record of exceptional performance evidenced by its impressive 95% occupancy rate. Featuring modern amenities and thoughtful design, this low-rise/garden property represents a compelling prospect for prospective investors seeking a turnkey opportunity in the flourishing Northwest Florida market. Current in-place ASSUMABLE Freddie MAC first mortgage: Origination: March 24, 2022 Loan Amount: $3,120,000 Term: 10 yrs. Amort: 30 yrs. Rate: 3.54% Don't miss your chance to add this high-performing asset with below market debt to your portfolio!
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Highlights

  • - 42,000 SF low-rise/garden building
  • - 55 modern and spacious units
  • - Recent 2023 renovation including new metal roofs
  • - Assumable Freddie Mac loan at 3.54% w/ approx. 7 years remaining
  • - Low maintenance hard coat stucco exteriors, freshly painted in 2023
  • - Impressive 95% occupancy rate

Getting around

  • 5/100

    Walk Score ®

  • 43/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Defuniak Springs, FL
  • Zip Code 32433
  • Market Pensacola

Points of Interest

  • Tesla Supercharger

    1.31 miles

  • 76

    2.60 miles

  • Sunoco

    3.12 miles

  • Marathon

    7.53 miles

  • Shell

    9.73 miles

  • North Parking Lot

    1.93 miles

  • Bus Parking Lot

    2.06 miles

  • Florida Trail Eglin East Portal

    7.63 miles

  • Econo Lodge

    2.58 miles

  • Super 8

    2.69 miles

  • Best Western

    2.97 miles

  • Holiday Inn Express Defuniak Springs

    3.08 miles

  • Otter Creek Lodge

    9.41 miles

  • Ponce de Leon Motel

    9.76 miles

  • Winn-Dixie

    2.16 miles

  • Walmart Supercenter

    2.33 miles

  • Piggly Wiggly

    3.05 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Gordon MacLean, CCIM

Riviera Realty Group

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