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872 Deer Wood Ln Chipley, FL 32428

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For Sale
$1,575,000

Well-maintained 16-unit apartment community in Chipley, Florida.

Property Features for 872 Deer Wood Ln

General Information

Standard status
Active

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Listing Contact
Marcy L O'Donnell
Marcy L O'Donnell
Source: Corcoran

Listing Agency: LUXE COASTAL REALTY Listing Agent: Marcy L O'Donnell

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

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Overview

Chipley Multifamily Investment Opportunity

Deerwood Apartments, located at 872 Deerwood Lane in Chipley, Florida, is a 16-unit multifamily property situated on over one acre. The property 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 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 revitalization and growth along Hwy 77. This presents a value-add opportunity with long-term upside for investors.
Location Intelligence

Current Use by Public Records

Apartment buildings

Map

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 in Chipley, Florida.
Where is this apartment building located?
The property is located at 872 Deer Wood Ln 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 a new septic system, new driveway and parking lot, full exterior repaint, updated on-site laundry facility, and a 2019 roof.; - Eight fully renovated units and eight refreshed units, providing a largely turnkey asset.; - Significantly improved price presents a compelling value-add opportunity.
More about this property
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