$1,425,000
Chipley, FL 32428
MLS# R11145666
10037 sqft
1 / 39
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.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2025-12-05
Status: Active
Original List Price: 1638000
List Price: $1,425,000
Current Price: $1,425,000
Location and Legal
County Or Parish: Washington
County Parish Name: Washington
City Name: Chipley
Postal Code: 32428
Geographic Area: Other
Property Description: Deerwood Apartments
Country: United States
Street Number: 872
Street Name: Deer Wood
Street Suffix: Lane
State Or Province: FL
Area: 5940 - Other Florida County
Parcel Number: 000000000020720008
Zoning: Commercial
Directions: From the beach, take Hwy 79 to FL 277/Roche Ave and turn right. Turn right on Brickyard Rd and then left on Deerwood Lane.
General Property Information
Number Of Units Total: 16
Lot Size Area: 55321.2
Stories: 2
Property Sub Type: Multi Family
Building Area Main: 10037
Building Area Source: Owner
Year Built: 1982
Lot Size Acres: 1.27
Office/Member Information
DXORIGMLSID: RML
Electric
Three Phase: 1
Flooring
Other: 1
Documents Available
Financial Statement: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Building and Property Details
# Of Toilets: 16
% Air Conditioned: 100
Maximum Ceiling Height: 8
Building Features
Free Standing: 1
Heating
Electric: 1
Sale Includes
Building: 1
Land: 1
Listing Terms
Assumable: 1
Cash: 1
Conventional: 1
Roof
Other: 1
Security Features
Fire Sprinkler System: 1
Water Source
Public: 1
Cooling
Wall/Window Unit(s): 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Price Calculations
Current Price To SqFt: 163.19
Financial Information
Tax Annual Amount: 9782.67
Tax Year: 2025
Tax Legal Description: 8 4 13 2.2 OR 179 P 591 BEG. 660'E.,215.82'S.OF NWC OF SW1/4 OF SW1/4 OF NW1/4,RUN
Status Change Information
Major Change Timestamp: 2026-08-04T20:12:21Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-08-04T20:12:21Z
Status Change Date: 2025-12-05
Originating Details
Originating System Key: 20251205194151807376000000
Originating System ID: M00000170
Property Features
Building Features: Free Standing
Documents Available: Financial Statement
Electric: Three Phase
Flooring: Other
Heating: Electric
Possession: Close Of Escrow; Negotiable
Sale Includes: Building; Land
Tenant Pays: Cable TV; Electricity
Cooling: Wall/Window Unit(s)
Listing Terms: Assumable; Cash; Conventional
Roof: Other
Security Features: Fire Sprinkler System
Sewer: Public Sewer
Utilities: Cable Available
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only
Supplements
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.
Listing Office: Luxe Coastal Realty Group LLC
Last Updated: November - 10 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
