872 Deer Wood Lane, Chipley, FL 32428
$1,350,000
Property Type:
Commercial for Sale
Square Footage:
10,658
Lot Size (sq. ft.):
55,321
Status:
Active
Current Price:
$1,350,000
List Date:
12/05/2025
Last Modified:
10/22/2026
Listing Details MLS# 782383
Contract Info
- List Price/SqFt
- 126.67
- Sub-Type
- Multi-Family
Location
- Area
- 10 – Washington County
- Street #
- 872
- Street Name
- Deer Wood
- Street Suffix
- Lane
- State
- FL
- Zip Code
- 32428
- County
- Washington
- Sub Area
- 1001 – Washington NE
- Subdivision
- [No Recorded Subdiv]
- Community/Resort
- None
- Waterfront
- No
- Parcel ID
- 00000000-00-2072-0008
- 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.
- Legal Description
- 8 4 13 1.27 ORB 981 P 367 BEG. 660'E.,337.3' S.OF NWC OF SW1/4 OF SW1/4 OF NW1/4,RUN W 335.7' TO POB, S 294' TO SR 280, W 40', N 180', W 170', N 234.88', E 210', S 120.88 TO POB. AS DESC IN ORB 981 P 367.
General Property Info
- List Class
- Apartment
- Construction Status
- Construction Complete
- # of Units
- 16
- # of Stories in Building
- 2
- Acreage
- 1.27
- SqFt Tot Bldg
- 10658
- Year Built
- 1982
Multi-Family
- # of Units
- 16
Listing Info, Tax and Legal
- HOA Fee
- No
More Information
Remarks & Misc
- Remarks
- **ANOTHER SIGNIFICANT PRICE REDUCTION — INVESTORS, NOW IS THE TIME!** Deerwood Apartments presents an exceptional opportunity to acquire a **100% occupied, 16-unit multifamily investment** with immediate cash flow, substantial recent capital improvements, and tremendous upside potential! Featuring (8) 1BR/1BA units and (8) 2BR/1BA units, this stabilized asset has benefited from approximately **$350,000 in recent improvements**, including a new septic system, new parking lot, complete exterior repaint, updated on-site laundry facility providing additional income, eight fully renovated units, eight refreshed units, and a roof replaced in 2019. With strong in-place income, below-market rents, and minimal anticipated near-term capital expenditures, investors have a compelling opportunity to increase NOI without taking on a major renovation project. Ideally situated near I-10 and the growing Highway 77 corridor, Deerwood benefits from convenient access to employment, shopping, and everyday amenities. **Whether you're acquiring your first multifamily property or expanding an established portfolio, THIS IS ONE TO TAKE SERIOUSLY!** Ownership has made another meaningful price adjustment and is ready to entertain serious offers. **The heavy lifting has been done, the income is already flowing, and the opportunity to capture additional value is yours. Don't wait for another investor to recognize what this property has to offer!**
Office/Member Info
- Seller Concessioins
- No
Association Amenities
- Laundry
- Yes
Sale Type
- As Is
- Yes
Floors in Unit/Home
- Two
- Yes
Property Features
Sale Type:
As Is
Listing Office:
Luxe Coastal Realty Group LLC
Last Updated: October – 22 – 2026
Information deemed reliable but not guaranteed.