872 Deerwood Lane

Chipley, FL 32428

$1,900,000
Price
—
Beds
10,658 Sq. Ft.
$178 / Sq. Ft.
10,658
Sq. Ft.
$178
per Sq. Ft.

Description

Here is your opportunity to acquire a lucrative multi family property in a NW Florida area that is in high demand. Deerwood Apartments is among the very best located and maintained properties in the heart of Chipley, FL. This property offers a total of 16 units including Eight 1 BR/1 Bath units (550 sqft each) and Eight 2 BR/1 Bath (850 sqft each) units all sitting on a quaint tree-lined parcel that totals over an acre in size. The 2 story building was constructed in 1982 and recently had significant...Here is your opportunity to acquire a lucrative multi family property in a NW Florida area that is in high demand. Deerwood Apartments is among the very best located and maintained properties in the heart of Chipley, FL. This property offers a total of 16 units including Eight 1 BR/1 Bath units (550 sqft each) and Eight 2 BR/1 Bath (850 sqft each) units all sitting on a quaint tree-lined parcel that totals over an acre in size. The 2 story building was constructed in 1982 and recently had significant upgrades in the last year including all new septic tank, driveway & parking lot, laundry facility and full exterior paint. The roof was replaced in 2019 and 8 units have been fully remodeled. The other 8 units were recently refreshed with new paint, flooring and fixtures so this investment property leaves nothing to be desired. This site sits in a prime location where residents have easy access to I-10 and everything that Chipley has to offer such as grocery shopping, retail businesses, restaurants and endless job opportunities. With 100% occupancy and a strong cap rate, you do not want to miss out on adding this one to your portfolio!
  1. Listed by Marcy L O'Donnell • Luxe Coastal Realty Group LLC

Property Details for 872 Deerwood Lane

Waterfront
No
Subdivision Name
[No Recorded Subdiv]
LISTING UPDATED: 10/01/2024 05:35 PM

Property Details for 872 Deerwood Lane

StatusActive
MLS #760367
Days on Market117
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family / Multi Family
Year Built1982
Lot Size1.27 AC / 55,321 SF
CountyWashington County

Building Information for 872 Deerwood Lane

Stories2Residences-Year Built1982Building Size-Lot Size1.27 AC / 55,321 SF

Property Information for 872 Deerwood Lane

Summary
Location and General Information
  • City: Chipley
  • County Or Parish: Washington
  • 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.
  • Postal Code: 32428
  • Latitude: 30.765708
  • Longitude: -85.566092
  • State Or Province: FL
  • MLS Area Major: 10 - Washington County
  • MLS Area Minor: 1001 - Washington NE
Taxes and HOA Information
  • Parcel Number: 00000000-00-2072-0008
  • Association: No
  • Tax 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.
Property
Lot Information
  • Building Area Total: 10658.0
  • Lot Size Acres: 1.27
Property and Assessments
  • Possible Use: Multi Family
  • Year Built: 1982
  • Human Modified: No
Interior and Exterior Features
Exterior Features
  • Community Features: Laundry Facilities
Interior Features
  • Levels: Two
  • Stories: 2
  • Stories Total: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 16
Rental
Rental Information
  • Occupant Type: Occupied

Property History for 872 Deerwood Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 872 Deerwood Lane

Taxable ValueLand$10,954Additions$563,106Total$574,060
Tax Record2023$7,836 ($653 / month)
Home Facts
Total Finished SqFt7,314 SqFtAbove Grade Finished SqFt7,314 SqFtLot Size55,321 SqFtStyleMulti-Family Dwelling (2-4)Year Built1982Year Renovated2005CountyWASHINGTONAPN20720008

Schools near 872 Deerwood Lane

This home is within Washington.
Rating
School
Type
Grades
Distance
Vernon Elementary School
Public - PK to 5
Kate M. Smith Elementary School
Public - PK to 5
Vernon Middle School
Public - 6 to 8
Roulhac Middle School
Public - 6 to 8
Rating
School
Distance
Vernon Elementary School
PublicPK to 5

Kate M. Smith Elementary School
PublicPK to 5

Vernon Middle School
Public6 to 8

Roulhac Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Homes for Sale near 32428

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More information about 872 Deerwood Lane, Chipley, FL 32428

872 Deerwood Lane is a multi-family home for sale in Chipley, FL 32428. This property was listed for sale on July 23, 2024 by Luxe Coastal Realty Group LLC, it's currently listed at $1,900,000. It has been on the market for a total of 117 days and was last sold on September 9, 2022. This listing's school district is Washington. Nearby schools include Vernon Elementary School, Kate M. Smith Elementary School and Vernon Middle School. 872 Deerwood Lane is a 0-bed, 0-bath, 10,658 sqft multi-family home built in 1982.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Luxe Coastal Realty Group LLC

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2024 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.