Property 872 Deer Wood Lane, Chipley, FL 32428 for sale with MLS# R11145666
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.
872 Deer Wood Lane, Chipley, FL 32428
- Price:
- $1,425,000.00
- Original List Price:
- $1,638,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $163.19
- Tenant Pays:
- Electricity, Cable Tv
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- August 4, 2026 8:12 pm
- Bathrooms Total:
- 16
- Built-Up Area:
- 10,037 Sqft
- Building Area Source:
- Owner
- Lot Size Acres:
- 1.27
- Security:
- Fire Sprinkler System
- Air Conditioning
- Air Conditioning System:
- Wall/window Unit(s)
- Heating
- Heating System:
- Electric
- Building:
- Free Standing
- Year Built:
- 1982
- Roof:
- Other
- Number of Units Total:
- 16
- Flooring:
- Other
- Stories:
- 2
- Tax Annual Amount:
- $9,782.67
- Tax Year:
- 2025
- Sewer:
- Public Sewer
- Electric:
- Three Phase
- Utilities Available:
- Cable Available
- Water Source:
- Public
- Senior Community:
- No
- Documents Available:
- Financial Statement
- Listing Terms Considered by Seller:
- Cash, Conventional, Assumable (The financing currently in place may be assumed)
- Buyer Possession:
- Negotiable, Close Of Escrow
- Tax Legal Description:
- 8 4 13 2.2 OR 179 P 591 BEG. 660'E.,215.82'S.OF NWC OF SW1/4 OF SW1/4 OF NW1/4,RUN
- Real Estate Folio Number (Parcel Number):
- 000000000020720008
- Zoning:
- Commercial
- Active on the market since:
- December 5, 2025
- Listing Agreement executed on:
- December 5, 2025
- Price change occurred on:
- August 4, 2026 8:12 pm
- Listing Status Last Changed On:
- December 5, 2025 7:47 pm
- Photos updated on:
- December 5, 2025 7:48 pm
- Last Modified:
- August 4, 2026 8:12 pm
- Courtesy of:
- Luxe Coastal Realty Group LLC
- Attribution:
- Not provided
- Street Name:
- Deer Wood
- Street Number:
- 872
- City:
- Chipley
- State:
- Florida
- Zip Code:
- 32428
- County:
- Washington
- Latitude:
- N30° 45' 56.6''
- Longitude:
- W86° 26' 2.1''
- Street Suffix:
- Lane
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Ver la propiedad 872 Deer Wood Lane, Chipley, FL 32428
