$1,425,000
 $7,650 est/mo Sourced by Back At You

872 Deer Wood Lane,Chipley, FL 32428

Chipley, FL 32428

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Description

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.

Details

MLS #R11145666
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1982
Days On Site334
Listing Provided ByLuxe Coastal Realty Group LLC | Marcy L O'Donnell

Features

Bath(s)16
SQ Feet10,037
Story(s)2
Units16
ZoningCommercial
Acreage1.27

Taxes

Tax Annual Amount9782.67

Area Information

StateFL
CountyWashington
CityChipley
Zip Code32428
Area5940 Other Florida County
SubareaOther
Listing VS Median (in 32428)
Price:
$1,425,000
low | high
Med:
$811,000
93.087719298246% of Average
sqft:
10,037
low | high
Med:
5,411
96.094450533028% of Average
$ / sqft:
$142
low | high
Med:
$197
11.50693698532% of Average
On site:
334
low | high
Med:
178.5
100% of Average
Sourced by Back At You

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Learn More About This Property

Susan Oyer

Susan Oyer

Coldwell Banker Premium Realty

SL3501661SRES (561) 736-1251susanoyercbpr@gmail.com
StateFL
CountyWashington
CityChipley
Zip Code32428
Area5940 Other Florida County
SubareaOther
Listing VS Median (in 32428)
Price:
$1,425,000
low | high
Med:
$811,000
93.087719298246% of Average
sqft:
10,037
low | high
Med:
5,411
96.094450533028% of Average
$ / sqft:
$142
low | high
Med:
$197
11.50693698532% of Average
On site:
334
low | high
Med:
178.5
100% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 6:39:40 PM PDT
Susan Oyer
SRES
License #: SL3501661
(561) 736-1251
Coldwell Banker Premium Realty
406 Lucerne Ave
Lake Worth Beach, FL 33460

Susan Oyer - Coldwell Banker Premium Realty