872 Deer Wood Lane, Chipley, FL 32428
[No Recorded Subdiv] · Washington County
Key Facts
Description
ANOTHER $100,000 PRICE REDUCTION! Deerwood Apartments is a fully occupied 16-unit multifamily asset offering immediate cash flow, significant recent capital improvements, and exceptional upside potential. The property features (8) 1BR/1BA units and (8) 2BR/1BA units, with approximately $350,000 invested in upgrades including a new septic system, new parking lot, full exterior repaint, updated on-site laundry facility (additional income stream), eight fully renovated units, eight refreshed units, and a 2019 roof. Strong in-place income, below-market rents, and minimal near-term capital expenditures create a clear path to increasing NOI. Conveniently located near I-10 and the rapidly growing Hwy 77 corridor with consistent rental demand. Aggressively priced and one of the strongest multifamily values currently available in Northwest Florida.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1982
Stories
2
Living Area
10,658 sq ft
Lot Size
1.27 acres
Days on Market
222
MLS® Listing#
782383
Property Features
Financial Details
HOA
None
Parcel Number
00000000-00-2072-0008
Directions
From the beach, take Hwy 79 to FL 277/Roche Ave and turn right. Turn right on Brickyard Rd and then left on Deerwood Lane.
Affordability Calculator
$285,000
Estimated monthly payment
$7,584/mo
Principal $1,140,000 · Est. interest $1,590,401 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chipley, FL
- $307,229
- Median Listing Price
- 87
- Median Days on Market
- 1,684
- Median Sq Ft
- $169
- Median Price / Sq Ft
- 135
- Active Listings
- This home’s price is 364% above the area median.
- Its price per sq ft is 21% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chipley, FL.
Location
Getting Around
Points of Interest in Chipley, FL
Showing the Chipley area map.
Nearby Schools
Chipley High School
Secondary · 0.5 mi away
Roulhac Middle School
Secondary · 0.6 mi away
Kate M. Smith Elementary School
Elementary · 0.8 mi away
Public Schools Washington Holmes Technical Center
School · 1.0 mi away
Panhandle Area Educational Consortium
School · 1.1 mi away
Washington Virtual Franchise
School · 1.1 mi away
Washington County Christian School
School · 1.2 mi away
Washington County School District
Secondary · 1.8 mi away
Grace & Glory Christian School
School · 1.8 mi away
Hillcrest Special Education School
School · 6.6 mi away
Bonifay Middle School
School · 7.2 mi away
Holmes County High School
Secondary · 7.7 mi away
Bonifay K-8 School
Elementary · 8.0 mi away
Cottondale High School
Secondary · 11.6 mi away
Along the Way Cottondale
School · 11.7 mi away
Cottondale Elementary School
Elementary · 12.1 mi away
Vernon Elementary School
Elementary · 12.8 mi away
Poplar Springs High School
Secondary · 13.0 mi away
Vernon Middle School
Secondary · 13.1 mi away
Vernon High School
Secondary · 13.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1205 Orange Hill Road, Chipley, FL | $1,000,000 | — | — | — |
| 630 Hutchison Road, Chipley, FL | $1,080,000 | 5 | 5 | 4,598 |
| 4135 Pine Log Road, Chipley, FL | $1,100,000 | — | — | — |
| 872 Deerwood Lane, Chipley, FL | $1,425,000 | — | — | — |
| 963 Industrial Drive, Chipley, FL | $1,499,999 | — | — | 52,240 |
| 872 Deer Wood Lane, Chipley, FL | $1,638,000 | — | 16 | 10,037 |
Moving Cost Estimate
EXIT Agents in Chipley
Listing Courtesy: Luxe Coastal Realty Group LLC - 8482205555