Find Your Emerald Coast Home Live the Gulf Life!

872 Deer Wood Lane

Chipley , FL 32428

MLS#: 782383

$1,575,000

Status: Active
Listing number: 782383
Listing provided by: Luxe Coastal Realty Group LLC
Listing agent phone: None
Last update: 17 hours ago
On site: a month ago
Browse Properties
[No Recorded Subdiv] - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1982

Sq.Footage

N/A

Now offered at a significantly improved price, Deerwood Apartments presents a compelling value-add opportunity in Northwest Florida. Located at 872 Deerwood Lane in Chipley, this well-maintained 16-unit community sits on just over one acre and features a balanced unit mix of eight 1BR/1BA units (550 SF) and eight 2BR/1BA units (850 SF). The property has benefited from substantial capital improvements, including a new septic system, new driveway and parking lot, full exterior repaint, updated on-site laundry facility, and a 2019 roof. Eight units have been fully renovated with the remaining units refreshed, providing a largely turnkey asset with durable, investor-friendly upgrades. Conveniently positioned near I-10, shopping, dining, and medical services, the property also benefits from Chipley's continued revitalization and growth along Hwy 77. With strong rental demand, recent improvements already in place, and a strategic price reduction, Deerwood Apartments offers stability today with long-term upside for savvy investors.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    1.27

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $1,575,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Washington

Elementary School

Middle School

High School

Listing Courtesy of Marcy L O'Donnell , Luxe Coastal Realty Group LLC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Celeste Rustin

REALTOR®

Celeste Rustin

Call Celeste today to schedule a private showing.

(850) 238-9595

Celeste@GulfLifeGo.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Now offered at a significantly improved price, Deerwood Apartments presents a compelling value-add opportunity in Northwest Florida. Located at 872 Deerwood Lane in Chipley, this well-maintained 16-unit community sits on just over one acre and features a balanced unit mix of eight 1BR/1BA units (550 SF) and eight 2BR/1BA units (850 SF). The property has benefited from substantial capital improvements, including a new septic system, new driveway and parking lot, full exterior repaint, updated on-site laundry facility, and a 2019 roof. Eight units have been fully renovated with the remaining units refreshed, providing a largely turnkey asset with durable, investor-friendly upgrades. Conveniently positioned near I-10, shopping, dining, and medical services, the property also benefits from Chipley's continued revitalization and growth along Hwy 77. With strong rental demand, recent improvements already in place, and a strategic price reduction, Deerwood Apartments offers stability today with long-term upside for savvy investors.

872 Deer Wood Lane

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

Price reduced
Now offered at a significantly improved price, Deerwood Apartments presents a compelling value-add opportunity in Northwest Florida. Located at 872 Deerwood Lane in Chipley, this well-maintained 16-unit community sits on just over one acre and features a balanced unit mix of eight 1BR/1BA units (550 SF) and eight 2BR/1BA units (850 SF). The property has benefited from substantial capital improvements, including a new septic system, new driveway and parking lot, full exterior repaint, updated on-site laundry facility, and a 2019 roof. Eight units have been fully renovated with the remaining units refreshed, providing a largely turnkey asset with durable, investor-friendly upgrades. Conveniently positioned near I-10, shopping, dining, and medical services, the property also benefits from Chipley's continued revitalization and growth along Hwy 77. With strong rental demand, recent improvements already in place, and a strategic price reduction, Deerwood Apartments offers stability today with long-term upside for savvy investors.
#990830

Chipley

872 Deerwood Lane

None Beds

None Baths

N/A

$1,575,000

MLS#: 990830

This expansive industrial complex presents a prime opportunity to elevate your business operations in a secure, well-equipped setting. Located on 4.1 acres of improved land, the property features five distinct structures, all designed for maximum functionality and efficiency. Asphalted areas and perimeter fencing ensure easy access and enhanced security throughout the site. Flexible lease terms available—contact us today to schedule a private tour. Building 1 - Step into 5,952 SF of open steel and metal warehouse space with 12'-14' eave ceilings, built on a solid concrete slab foundation. Ideal for storage, fabrication, or light manufacturing. Building 2 - 8,591 SF of steel and metal open warehouse space with 14'-16' eave heights. Building 3 - 8,750 SF steel and metal warehouse with 18'-22' eave ceilings, concrete slab foundation (1980), interior lighting, enclosed wood frame storage, 3-phase power Building 4 - 17,711 SF warehouse with 18'-20' eave ceilings, interior loading dock, and road access to Fowler Drive—a highly functional space for logistics, warehousing, or distribution. Building 5 - A 1,578 SF double-wide manufactured home retrofitted as office space with 3 private offices, 2 bathrooms, and central heating and cooling—offering a comfortable and professional environment for administrative use.
#776851

Chipley

963 Industrial Drive

None Beds

None Baths

52,240 Sq.Ft.

$1,499,999

MLS#: 776851

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service