Need Help Buying or Selling A Home?

PinnacleTCRE

872 Deer Wood Lane, Chipley, FL 32428 (MLS# R11145666)

872 Deer Wood Lane, Chipley, FL 32428

$1,638,000
Property Type: Commercial Sale Square Footage: 10,037 Status: Active
Current Price: $1,638,000 List Date: 12/05/2025 Last Modified: 4/23/2026

Overview

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.

Supplements: 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.

Listing Details MLS# R11145666

General Property Information

Property Sub Type
Multi Family
Number Of Units Total
16
Building Area Main
10037
Building Area Source
Owner
Year Built
1982
Lot Size Area
55321.2
Lot Size Acres
1.27
Stories
2

Property Features

Building Features: Free Standing Documents Available: Financial Statement Electric: Three Phase Flooring: Other Heating: Electric Possession: Close Of Escrow; Negotiable Sale Includes: Building; Land Tenant Pays: Cable TV; Electricity Cooling: Wall/Window Unit(s) Listing Terms: Assumable; Cash; Conventional Roof: Other Security Features: Fire Sprinkler System Sewer: Public Sewer Utilities: Cable Available Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only

Contract Information

Comp Sale YN
No
Original List Price
1638000

Location and Legal

Country
United States
County Or Parish
Washington
County Parish Name
Washington
Street Number
872
Street Name
Deer Wood
Street Suffix
Lane
City Name
Chipley
State Or Province
FL
Postal Code
32428
Area
5940 - Other Florida County
Geographic Area
Other
Parcel Number
000000000020720008
Zoning
Commercial
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.
Property Description
Deerwood Apartments

Financial Information

Tax Annual Amount
9782.67
Tax Year
2025
Tax Legal Description
8 4 13 2.2 OR 179 P 591 BEG. 660'E.,215.82'S.OF NWC OF SW1/4 OF SW1/4 OF NW1/4,RUN

Status Change Information

Major Change Timestamp
2025-12-05T19:47:23Z
Major Change Type
New Listing
Status Change Date
2025-12-05

More Information

Building and Property Details

# Of Toilets
16
% Air Conditioned
100
Maximum Ceiling Height
8

Price Calculations

Current Price To SqFt
163.19

Originating Details

Originating System Key
20251205194151807376000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Three Phase
Yes

Flooring

Other
Yes

Documents Available

Financial Statement
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes

Building Features

Free Standing
Yes

Heating

Electric
Yes

Sale Includes

Building
Yes
Land
Yes

Listing Terms

Assumable
Yes
Cash
Yes
Conventional
Yes

Roof

Other
Yes

Security Features

Fire Sprinkler System
Yes

Water Source

Public
Yes

Cooling

Wall/Window Unit(s)
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
IDX
Listing Office: Luxe Coastal Realty Group LLC
Last Updated: April - 23 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Schedule A Tour
Interested In Our Properties? Call Us Today For A Tour
Scroll to top