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872 Deer Wood Lane Chipley, FL 32428

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For Sale
$1,575,000

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

Type:Commercial
Property size:
10,658 SF
Lot size:
1.27 Acres
Added:
Dec 5, 2025
Days on Market:
124
Last Refresh:
Apr 5 at 8:31 pm

Property Features for 872 Deer Wood Lane

General Information

Standard status
Active
Size
10,658 SF
Lot size
1.27 Acres
Property subtype
Commercial

Building Details

Year Built
1982

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Listing Contact
MARCY L O'DONNELL
MARCY L O'DONNELL

Listing agent MARCY L O'DONNELL License #BK3417794

Listing office LUXE COASTAL REALTY GROUP LLC

Listing date Dec 5, 2025

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of LUXE COASTAL REALTY GROUP LLC


Overview

Chipley Multifamily Investment Opportunity

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Chipley
County
Washington
State
Florida
Longitude
-85.5678
Latitude
30.604

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 $1,575,000.
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.
More about this property
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