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$1,638,000
Est. payment /mo
10,658 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,658 sqft
Price per Sqft $153
Subdivision [No Recorded Subdiv]
MLS Listing ID 782383
HOA Y/N No
Year Built 1982
Lot Size 1.270 Acres
Acres 1.27
Property Sub-Type Multi Family
Property Description
Deerwood Apartments offers a strong investment opportunity in the growing NW Florida market. Located at 872 Deerwood Lane in Chipley, this well-maintained 16-unit community sits on just over an acre and features eight 1BR/1BA units (550 sq ft) and eight 2BR/1BA units (850 sq ft). The property has received significant recent upgrades, including a new septic system, new driveway and parking lot, full exterior paint, an updated on-site laundry facility, and a 2019 roof. Inside, 8 units have been fully remodeled and 8 have been refreshed, offering a turnkey asset with durable improvements throughout. Residents enjoy convenient access to I-10, nearby shopping and dining, medical services, and Chipley's ongoing revitalization efforts. The area continues to experience steady growth along HWY 77 and increased commercial activity tied to regional employment hubs. Now offered with a strategic price adjustment, Deerwood Apartments presents exceptional value for investors seeking stability, strong rental demand, and long-term upside in a desirable Florida submarket.
Location
State FL
County Washington
Area 10 - Washington County
Interior
Fireplace No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Tax ID 00000000-00-2072-0008
Special Listing Condition Listed As-Is
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Listed by Luxe Coastal Realty Group LLC
Learn More About LPT Realty