Multi Family
$1,425,000
Listing courtesy of Luxe Coastal Realty Group LLC; Marcy L O'Donnell. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.
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Multi Family, Commercial Sale
Details
Overview
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.
This multi family home located at 872 Deer Wood Lane, FL 32428 is currently for sale and has been available on Brickellsold for 277 days. This property is listed at $1M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1982. 872 Deer Wood Lane, FL 32428
Interior
- Flooring: Other
- Common walls with other units/homes:
Property
- Parking Features:
- Entry location: Fire Sprinklers
- Exterior Features:
- View Description:
Construction
- Year Built: 1982
Community & HOA
- Security Features: Fire Sprinkler System, Fire Sprinklers
- Amenities: