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872 Deer Wood Lane
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PRICED AT ONLY: $1,638,000

Address: 872 Deer Wood Lane, Chipley, FL 32428

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.

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  • MLS#: 782383 ( CommercialSale )
  • Street Address: 872 Deer Wood Lane
  • Viewed: 23
  • Price: $1,638,000
  • Price sqft: $154
  • Waterfront: No
  • Year Built: 1982
  • Bldg sqft: 10658
  • Days On Market: 40
  • Acreage: 1.27 acres

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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Legal Description: 8 4 13 1.27 ORB 981 P 367 BEG. 660'E., 337.3' S.OF NWC OF SW1/4 OF SW1/4 OF NW1/4, RUN W 335.7' TO POB, S 294' TO SR 280, W 40', N 180', W 170', N 234.88', E 210', S 120.88 TO POB. AS DESC IN ORB 981 P 367.
  • Levels: Two
  • Area Major: 10 - Washington County
  • Occupant Type: Occupied
  • Parcel Number: 00000000-00-2072-0008
  • Possible Use: MultiFamily
  • The Range: 0.00
  • Views: 23
Nearby Subdivisions
[no Recorded Subdiv]   Chipley   Chipley Industrial Park   No Named Subdivision   Sunny Hills  
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This expansive industrial complex presents a prime opportunity to elevate your business operations in a secure, well equipped setting. Located on 4.1 acres of improved land, the property features five

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  1. Approx. 52240 sqft
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  1. MLSID: 776851
  2. Provided by SOUTHERN WAY REALTY, INC.
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