Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
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.
Features & Amenities
Interior
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Total Bedrooms
N/A
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Bathrooms
N/A
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Pet friendly
N/A
Exterior
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Garage
No
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Pool
No
Area & Lot
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Property Type
Commercial Sale
Price
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Sales Price
$1,638,000
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Sq. Footage
N/A
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Price/SqFt
N/A
HOA
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Association
No
School District
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Elementary School
N/A
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Middle School
N/A
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High School
N/A
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Location
County
Washington
Elementary School
Middle School
High School
Listing Courtesy of Marcy L O'Donnell , Luxe Coastal Realty
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