REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Dennis Lue Yat

dennis@luxeiq.com +1(561) 571-1425

$1,638,000

Est. payment - /mo

16 Baths

10,037 SqFt

Save Virtual Tour

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,037 sqft

Price per Sqft $163

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 - Other Florida County

Zoning Commercial

Interior

Interior Features InteriorFeatures

Heating Electric

Cooling Wall/Window Unit(s)

Flooring Other

Fireplace No

Exterior

Utilities Available Cable Available

Water Access Desc Public

Roof Type Other

Building

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Others

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

Read Less Info

Listed by Marcy L O'Donnell Luxe Coastal Realty Group LLC

Nearby School & Business

Get More Information

Dennis Lue Yat

+1(561) 571-1425

Broker | REALTOR® | SL3301099

Broker | REALTOR® SL3301099

Popular Cities & Towns In Palm Beach County

872 Deer Wood LN Chipley, FL 32428

Dennis Lue Yat

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information