Riviera Place Apartments is a well-maintained, single-story multifamily community located in the heart of DeFuniak Springs, Florida. Constructed in 1984, this 55-unit asset offers a balanced unit mix of one, two, and three-bedroom apartments across 12 buildings. The property spans 3.40 acres and features on-site management, laundry facilities, and ample surface parking. With rents significantly below market and limited new supply in the submarket, Riviera Place offers strong upside potential through strategic renovations and rent growth. Entry NOI of $471,386 and a 7.26% Cap Rate! Do not miss this fantastic opportunity to purchase a property with additional Value-Add available!