1. Florida
  2. Chipley
  3. 872 Deerwood Lane
$1,800,000

872 Deerwood Lane, Chipley, FL 32428

  • Property Icon Commercial Property
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon1.27acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 10 months ago

Property Description

Introducing Deerwood Apartments, a prime investment opportunity in the sought-after NW Florida area! Nestled in the charming heart of Chipley, FL, this multi-family detached property boasts 16 well-maintained units spread across a scenic, tree-lined acre lot. Perfectly balancing modern upgrades with classic allure, this complex features eight 1-bedroom, 1-bath units (550 sqft each) and eight 2-bedroom, 1-bath units (850 sqft each). Built in 1982, the property has undergone significant updates with a new roof in 2019 and eight units fully remodeled for contemporary comfort. Recent enhancements include a brand-new septic system, a freshly paved driveway and parking lot, a modern laundry facility, and a complete exterior repaint. Discover Deerwood Apartments—a thriving community offering stability and growth in one of Florida's high-demand areas. With 100% occupancy and a strong cap rate, don't miss this exceptional chance to invest in a truly standout property!

Listing Status:
Active
Date Added:
February 13, 2025 at 06:00AM
Listing Office:
Luxe Coastal Realty : 848-220-5555
Listing Agent:
Marcy L O'Donnell : 848-220-5555
MLS ID:
956089
  • Originating MLS: Emerald Coast Association of REALTORS®
  • County: Washington

This listing courtesy of Marcy L O'Donnell, Luxe Coastal Realty

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.