About this home
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.
Listing last checked: Listing updated:
Listed by Marcy L O'Donnell · Luxe Coastal Realty Group LLC · MLS #R11145666
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Details at a glance
Interior3 property facts
- Heating
- Electric
- Cooling
- Wall/Window Unit(s)
- Flooring
- Other
Building3 property facts
- Style
- Multi Family
- Year built
- 1982
- Roof
- Other
Land & utilities4 property facts
- Lot size
- 1.27 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- Commercial
Financial2 property facts
- Annual taxes
- $9,783
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $1,425,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$8,021 / monthAdjust
- Principal & interest
- $7,206
- Property tax
- $815
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $9,783. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 872 Deer Wood Lane
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