872 Deer Wood LN, Chipley, FL 32428
872 Deer Wood LN, Chipley, FL 32428
872 Deer Wood LN, Chipley, FL 32428
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$1,425,000
Est. payment /mo
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10,037 SqFt
Price Dropped by $213K

872 Deer Wood LN Chipley, FL 32428

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Isaac De Castro

Isaac De Castro

+1(646) 626-7901

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,037 sqft

Price per Sqft $141

MLS Listing ID R11145666

HOA Y/N No

Year Built 1982

Annual Tax Amount $9,782

Tax Year 2025

Lot Size 1.270 Acres

Acres 1.27

Property Sub-Type Multi Family

Property Description

Deerwood Apartments offers a strong investment opportunity in the growing NW Florida market. Located at 872 Deerwood Lane in Chipley, this well-maintained 16-unit community sits on just over an acre and features eight 1BR/1BA units (550 sq ft) and eight 2BR/1BA units (850 sq ft). The property has received significant recent upgrades, including a new septic system, new driveway and parking lot, full exterior paint, an updated on-site laundry facility, and a 2019 roof. Inside, 8 units have been fully remodeled and 8 have been refreshed, offering a turnkey asset with durable improvements throughout. Residents enjoy convenient access to I-10, nearby shopping and dining, medical services, and Chipley's ongoing revitalization efforts. The area continues to experience steady growth along HWY 77 and increased commercial activity tied to regional employment hubs. Now offered with a strategic price adjustment, Deerwood Apartments presents exceptional value for investors seeking stability, strong rental demand, and long-term upside in a desirable Florida submarket.

Location

State FL

County Washington

Area 5940 Florida Other

Zoning Commercial

Direction From the beach, take Hwy 79 to FL 277/Roche Ave and turn right. Turn right on Brickyard Rd and then left on Deerwood Lane.

Interior

Heating Electric

Cooling Wall/Window Unit(s)

Flooring Other

Exterior

Utilities Available Cable Available

Roof Type Other

Private Pool Yes

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Others

Senior Community No

Tax ID 000000000020720008

Security Features Fire Sprinkler System

Acceptable Financing Assumable, Cash, Conventional

Listing Terms Assumable, Cash, Conventional

Virtual Tour https://www.propertypanorama.com/872-Deer-Wood-Lane-Chipley-FL-32428/unbranded

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Luxe Coastal Realty Group LLC

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Isaac De Castro

Isaac De Castro

Real Estate Advisor | 3561456; 1750974; 10401278264

+1(646) 626-7901

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