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872 Deerwood Lane Chipley, FL 32428

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For Sale
$1,575,000

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

Type:Commercial
Lot size:
1.00 Acre
Added:
Dec 5, 2025
Days on Market:
124
Last Refresh:
Apr 5 at 8:32 pm

Property Features for 872 Deerwood Lane

General Information

Standard status
Active
Lot size
1.00 Acre
Property subtype
Commercial

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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

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


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.
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

  • Map
  • 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 in Chipley, Florida.
Where is this apartment building located?
The property is located at 872 Deerwood 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 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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