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    872 Deer Wood Lane
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    PRICED AT ONLY: $1,525,000

    Address: 872 Deer Wood Lane, Chipley, FL 32428

    Description

    INVESTORS $50K PRICE REDUCTION. Deerwood Apartments is a fully occupied 16 unit multifamily asset offering immediate cash flow and clear upside. Unit mix includes (8) 1BR/1BA and (8) 2BR/1BA units. Recent ~$350K in improvements: new septic, parking lot, exterior paint, updated laundry facility (additional income), plus 8 fully renovated units and 8 refreshed units. Roof replaced 2019. Strong in place income with below market rents provides a path to increased NOI. Located near I 10 and the growing Hwy 77 corridor with consistent rental demand. Turnkey asset with minimal CapEx and built in upside at a newly improved price.

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    • MLS#: 782383 ( CommercialSale )
    • Street Address: 872 Deer Wood Lane
    • Viewed: 75
    • Price: $1,525,000
    • Price sqft: $143
    • Waterfront: No
    • Year Built: 1982
    • Bldg sqft: 10658
    • Days On Market: 155
    • Acreage: 1.27 acres
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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: 75
    Nearby Subdivisions
    [no Recorded Subdiv]   Chipley   Chipley Industrial Park   No Named Subdivision  
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    1. Approx. 52240 sqft
    2. Approx. 4.10 acres
    1. MLSID: 776851
    2. Provided by SOUTHERN WAY REALTY, INC.
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