125 North Davis Lane, Defuniak Springs, FL 32433

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Gordon M.

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Building Details:

• Year Built: 1984

125 North Davis Lane is amulti-family property for lease in Defuniak Springs, FL.

Southern Springs Apartments enjoys a central De Funiak Springs location close to downtown and various employmentand various employment, entertainment and dining opportunities. The Property is located just off of US Highway 90, the main east-west artery through De Funiak Springs in northern Walton County.

Southern Springs contains 55 rental units, was constructed in 1984 and is comprised of 12 one story rental buildings and 1 one story laundry and maintenance building distributed over 3.4 acres. The buildings are wood frame construction, with a stucco veneer. Southern Springs provides a favorable unit mix of 12 one bedroom units, 29 two bedroom units, and 14 three bedroom units. Units range in size from 711 to 940 square feet, with an average unit size of 828 square feet. One bedroom units currently rent for $395/month, two bedroom units rent for $450/month and three bedroom units rent for 495/month. All apartments include fully appointed electric kitchens and private patios. There is also an on-site central laundry facility that generates additional monthly income. Multiple camera video security system allows property viewing from anywhere via the web.

Northwest Florida, also known as the Florida Panhandle, is a 16-county region that extends along the Gulf of Mexico from Pensacola, on the western border of Florida, to just east of Tallahassee. The region occupies a unique geography in Florida, abutting the southern borders of both Georgia and Alabama, as well as the northwestern boundary of the Florida peninsula. The 16-county region includes nearly one-quarter of Florida' s 67 counties and approximately 20% of the state' s land mass. Listing Broker has equitable interest in property trust.

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