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 PROPERTY 872 Deer Wood Lane, Chipley, FL 32428, MLS#782383 - CommercialSale
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Hardeep Kumar Yh

HR Moon Homes
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872 Deer Wood Lane
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PRICED AT ONLY: $1,575,000

Address: 872 Deer Wood Lane, Chipley, FL 32428

Description

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.

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  • MLS#: 782383 ( CommercialSale )
  • Street Address: 872 Deer Wood Lane
  • Viewed: 55
  • Price: $1,575,000
  • Price sqft: $148
  • Waterfront: No
  • Year Built: 1982
  • Bldg sqft: 10658
  • Days On Market: 134
  • Acreage: 1.27 acres

Description

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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • 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.
  • Levels: Two
  • Area Major: 10 - Washington County
  • Occupant Type: Occupied
  • Parcel Number: 00000000-00-2072-0008
  • Possible Use: MultiFamily
  • The Range: 0.00
  • Views: 55
Nearby Subdivisions
[no Recorded Subdiv]   Chipley   Chipley Industrial Park   No Named Subdivision  
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Details for 963 Industrial Drive, Chipley, FL 32428
$1,499,999.00 ($28.71 / sqft )

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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

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  1. Approx. 52240 sqft
  2. Approx. 4.10 acres
  1. MLSID: 776851
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