872 Deerwood Lane Chipley, FL 32428

Listing office LUXE COASTAL REALTY 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, 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.

Key Highlights

• 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.

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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 $1,525,000.

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.