872 Deer Wood Lane Chipley, FL 32428

Building Details

Year Built

1982

Listing office LUXE COASTAL REALTY GROUP LLC m***@gmail.com Show Phone

Listing date Dec 5, 2025

Source Corcoran

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Investment Insights

Based on property information with market context.

Deerwood Apartments, located at 872 Deerwood Lane in Chipley, Florida, presents a value-add opportunity. This 16-unit community is situated on just over one acre and features a mix of eight 1-bedroom, 1-bathroom units (550 SF) and eight 2-bedroom, 1-bathroom units (850 SF). The property has undergone substantial capital improvements, including a new septic system, a new driveway and parking lot, a full exterior repaint, an updated on-site laundry facility, and a 2019 roof. Eight units have been fully renovated, and the remaining units have been refreshed. The property is positioned near I-10, shopping, dining, and medical services and benefits from Chipley's continued revitalization and growth along Hwy 77. The property contains 10658 square feet.

Key Highlights

• Substantial capital improvements including new septic system, driveway/parking lot, exterior repaint, updated laundry, and 2019 roof.
• Balanced unit mix of sixteen 1BR/1BA and 2BR/1BA units.
• Eight fully renovated units and eight refreshed units.

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FAQs

What type of property is this?

Apartment building - Well-maintained 16-unit apartment community with recent capital improvements.

Where is this apartment building located?

The property is located at 872 Deer Wood Lane Chipley, FL.

What is the asking price?

The asking price for this property is $1,525,000.

What are key features of this property?

This property features: Substantial capital improvements including **new septic system, driveway/parking lot, exterior repaint, updated laundry, and 2019 roof.**; Balanced unit mix of sixteen 1BR/1BA and 2BR/1BA units.; Eight **fully renovated units** and eight refreshed units.