1502 Kirkland Road, Chipley, FL 32428 (MLS# 766729)

1502 Kirkland Road, Chipley, FL 32428

$890,000

Property Type: Commercial for Sale Square Footage: 7,916 Lot Size (sq. ft.): 131,116 Status: Sold

Current Price: $890,000 List Date: 1/03/2025 Last Modified: 10/02/2025

Overview

Description

Excellent multifamily investment opportunity! Built in 2020, this 7-unit apartment complex features: (2) 2-bedroom/2-bath units and (5) 2-bedroom/1-bath units, situated on a generous 3-acre lot. With all units fully leased, this property provides immediate rental income. The seller has also invested in comprehensive engineering work, including site construction plans, grading designs, building drawings for the addition of 4 townhomes with current county approval.

Listing Details MLS# 766729

Contract Info

List Price/SqFt: 113.69
Sub-Type: Multi-Family

Location

Area: 10 – Washington County
Street #: 1502
Street Name: Kirkland
Street Suffix: Road
State: FL
Zip Code: 32428
County: Washington
Sub Area: 1004 – Washington NW
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: Yes
Parcel ID: 00000000-00-2021-0003
Elementary School: Kate M. Smith
Middle School: Roulhac
High School: Chipley
Directions: From Kirkland Rd and Hwy 90 head south on Kirkland Rd, apartments on the left.
Legal Description: 5 4 13 3.01 ORB 1159 P 548 PRCL DESC IN ORB 1159 P 548

General Property Info

List Class: Apartment
Construction Status: Construction Complete
# of Units: 7
# of Stories in Building: Yes
Acreage: 3.01
SqFt HVAC: 6050
SqFt Tot Bldg: 7916
Year Built: 2020

Status Change Info

Under Contract Date: 2025-07-30
Sold Date: 2025-09-30
Sold Price/SqFt: 112.43
Sold Price/Acre: 295681.06

Multi-Family

Year Built: 2020
# of Units: 7
Actual Gross Income: 78.9

Listing Info, Tax and Legal

HOA Fee: No

More Information

Remarks & Misc

Remarks: Excellent multifamily investment opportunity! Built in 2020, this 7-unit apartment complex features: (2) 2-bedroom/2-bath units and (5) 2-bedroom/1-bath units, situated on a generous 3-acre lot. With all units fully leased, this property provides immediate rental income. The seller has also invested in comprehensive engineering work, including site construction plans, grading designs, building drawings for the addition of 4 townhomes with current county approval.

Energy

AC – 2 or More: Yes

Financing

Cash: Yes
Conventional: Yes

Utilities

Electricity – Connected: Yes
Internet – Broadband Available: Yes
Water Connected: Yes
Septic Tank: Yes

Waterfront Type

Pond w/o Gulf Access: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – Central: Yes
Heat – HVAC: Yes

Property Features

Energy: AC – 2 or More Financing: Cash; Conventional Utilities: Electricity – Connected; Internet – Broadband Available; Water Connected; Septic Tank Waterfront Type: Pond w/o Gulf Access

Listing Office: SOUTHERN WAY REALTY, INC.

Last Updated: October – 02 – 2025

Information deemed reliable but not guaranteed.