872 Deer Wood LaneChipley, FL 32428MLS Number R11145666

  • Price: $1,638,000
  • 207 Days on Market
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872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428872 Deer Wood Lane Chipley FL 32428
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  • 1.27Acreage
  • 16Bathrooms
  • 1982Year Built
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.
Listing by Luxe Coastal Realty Group LLC

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Basic Information

  • Tenant Pays Cable TV, Electricity

Location

  • Address872 Deer Wood Lane
  • AreaOther Florida County
  • Building Number872
  • CountyWashington
  • StateFL
  • StreetDeer Wood Lane
  • TownChipley
  • Zip32428

Utilities

  • Electric 3 Phase
  • Heat SystemElectric
  • Heating YN Yes
  • Utilities Cable Available
  • Waste Water DisposalPublic Sewer

Other

  • Date Listed12/05/2025
  • Documents Available Financials
  • Possession Close Of Escrow, Negotiable
  • View Count2

Tax Information

  • 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
  • Tax Year 2025
  • Taxes$9,782

Building

  • Stories2
  • Units16
  • Year Built1982

Interior

  • Flooring Other

Exterior

  • RoofOther

Amenities

  • Cooling Wall/Window Unit(s)
  • Cooling YN Yes
  • Security Features Fire Sprinkler System

Legal

  • Parcel Number 20720008
  • Universal Parcel Id urn:reso:upi:2.0:US:12133:000000000020720008

Rooms

  • Bathroom16

Basic Information

  • List Price$1,638,000
  • MLS NumberR11145666
  • Modification Date04/23/2026
  • Property SubTypeMulti Family
  • Property TypeCommercial Sale
  • StatusACT
  • Virtual TourView Tour

Property Information

  • Acreage1.27
  • Property Sub Type Additional Multi Family

Water Body

  • Water AccessPublic

Based on information submitted to BeachesMLS as of June 30, 2026 7:13 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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