$1,575,000

872 Deer Wood Lane, Chipley, FL 32428

  • 10,658 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1982
  • Property Lot Size Icon1.27acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $148/sqft
  • Property List Date Icon Listed 4 months ago

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.

Listing Status:
Active
Date Added:
December 5, 2025
Data Last Updated:
April 5, 2026 at 7:18AM
Listing Office:
Luxe Coastal Realty Group LLC : 848-220-5555
MLS ID:
782383
  • General: 2
  • Originating MLS: CPAR_CPAR
  • County: Washington
  • Zoning: 8 4 13 1.27 ORB 981 P 367 BEG. 660'E.337.3' S.OF NWC OF SW1/4 OF SW1/4 OF NW1/4RUN W 335.7' TO POBS 294' TO SR 280W 40'N 180'W 170'N 234.88'E 210'S 120.88 TO POB. AS DESC IN ORB 981 P 367.00000000-00-2072-0008
  • Source: CPAR_CPAR

This listing courtesy of Luxe Coastal Realty Group LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

K

Kate M. Smith Elementary School

1447 South Blvd, Chipley, FL, 32428

Grades PK-5

0.79 miles away

R

Roulhac Middle School

1535 Brickyard Rd, Chipley, FL, 32428

Grades 6-8

0.66 miles away

C

Chipley High School

1545 Brickyard Rd, Chipley, FL, 32428

Grades 9-12

0.53 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.