The Excellence of living in Wrapche

872 Deer Wood Lane

Chipley, FL 32428

MLS#: 782383

$1,425,000

Status: Active
Listing number: 782383
Listing provided by: Luxe Coastal Realty Group LLC
Listing agent phone: None
Last update: a month ago
On site: 9 months ago
Browse Properties
[No Recorded Subdiv] - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1982

Sq.Footage

10,658

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    1.27

  • Lot Size(square feet)

    55,321

  • Property Type

    Commercial Sale

  • Property Sub Type

    MultiFamily

Price

  • Sales Price

    $1,425,000

  • Sq. Footage

    10,658

  • Price/SqFt

    $133

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

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Location

County

Washington

Elementary School

Middle School

High School

Listing Courtesy of Marcy L O'Donnell, Luxe Coastal Realty Group LLC

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Agent Franko Maric

AGENT

Franko Maric

Call Franko today to schedule a private showing.

(341) 209-1143

franko+wrapche@init.hr


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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.

872 Deer Wood Lane

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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. 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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None Beds

None Baths

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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. 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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None Beds

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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 distinct structures, all designed for maximum functionality and efficiency. Asphalted areas and perimeter fencing ensure easy access and enhanced security throughout the site. Flexible lease terms available—contact us today to schedule a private tour. Building 1 - Step into 5,952 SF of open steel and metal warehouse space with 12'-14' eave ceilings, built on a solid concrete slab foundation. Ideal for storage, fabrication, or light manufacturing. Building 2 - 8,591 SF of steel and metal open warehouse space with 14'-16' eave heights. Building 3 - 8,750 SF steel and metal warehouse with 18'-22' eave ceilings, concrete slab foundation (1980), interior lighting, enclosed wood frame storage, 3-phase power Building 4 - 17,711 SF warehouse with 18'-20' eave ceilings, interior loading dock, and road access to Fowler Drive—a highly functional space for logistics, warehousing, or distribution. Building 5 - A 1,578 SF double-wide manufactured home retrofitted as office space with 3 private offices, 2 bathrooms, and central heating and cooling—offering a comfortable and professional environment for administrative use.
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- property

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