39
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$1,575,000
Est. payment /mo
10,658 SqFt
Active
872 Deer Wood LN Chipley, FL 32428
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,658 sqft
Price per Sqft $147
Subdivision [No Recorded Subdiv]
MLS Listing ID 782383
HOA Y/N No
Year Built 1982
Lot Size 1.270 Acres
Acres 1.27
Property Sub-Type Multi Family
Property Description
Now offered at a significantly improved price, Deerwood Apartments presents a compelling value-add opportunity in Northwest Florida. Located at 872 Deerwood Lane in Chipley, this well-maintained 16-unit community sits on just over one acre and features a balanced unit mix of eight 1BR/1BA units (550 SF) and eight 2BR/1BA units (850 SF). The property has benefited from substantial capital improvements, including a new septic system, new driveway and parking lot, full exterior repaint, updated on-site laundry facility, and a 2019 roof. Eight units have been fully renovated with the remaining units refreshed, providing a largely turnkey asset with durable, investor-friendly upgrades. Conveniently positioned near I-10, shopping, dining, and medical services, the property also benefits from Chipley's continued revitalization and growth along Hwy 77. With strong rental demand, recent improvements already in place, and a strategic price reduction, Deerwood Apartments offers stability today with long-term upside for savvy investors.
Location
State FL
County Washington
Area 10 - Washington County
Interior
Fireplace No
Exterior
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Tax ID 00000000-00-2072-0008
Special Listing Condition Listed As-Is
Listed by Luxe Coastal Realty Group LLC