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… Read More 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. Read Less
Courtesy of Luxe Coastal Realty Group LLC 848-220-5555
Listing Snapshot
Days Online
147
Last Updated
Property Type
Multi Family
Square Ft.
10,037
Lot Size
1.27 Acres
Year Built
1982
MLS Number
R11145666
Additional Details
Building
Built in 1982, Building features: "Free Standing", Toal building area: 10037, 16 total units
Cooling
"Wall/Window Unit(s)"
Heating
"Electric"
Lot
1.27 acres
Property
Zoning: Commercial
Security Features
"Fire Sprinkler System"
Sewer
"Public Sewer"
Taxes
Annual amount: $9,783
Tenant Pays
"Cable TV", "Electricity"
Utilities
"Three Phase", "Cable Available"
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
Confirm your time
Fill in your details and we will contact you to confirm a time.
