874 Deerwood Ln Chipley, FL 32428
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Multifamily properties
Property Details for 874 Deerwood Ln
- Year built
- 1982
- Lot size
- 1.27 lot acres
- Property type
- Multifamily properties
Description
This exceptional 16-unit multifamily property presents a compelling investment opportunity in the thriving Chipley, Florida market. Situated on a desirable 1.27-acre lot at 874 Deerwood Lane, this two-story building boasts a prime location and excellent condition. The complex comprises eight one-bedroom, one-bathroom units, each measuring 550 square feet, and eight two-bedroom, one-bathroom units, each spanning 850 square feet. Built in 1982, the property has undergone substantial renovations exceeding $350,000 within the past year. These improvements encompass a brand-new septic system, a completely resurfaced driveway and parking lot, a modernized laundry facility, and a fresh coat of exterior paint. Furthermore, the roof was replaced in 2019, enhancing the property's longevity and reducing maintenance concerns. Eight of the units have been fully remodeled, offering immediate income potential and attractive living spaces for tenants. This turnkey investment is poised for strong returns, benefiting from its desirable location and recent upgrades. The property's size and unit mix cater to a diverse tenant base, ensuring consistent occupancy and rental income. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a sought-after Northwest Florida community.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chipley
- County
- Washington
- State
- Florida
- Longitude
- -85.5661
- Latitude
- 30.7658
