About 874 Deerwood Lane
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 (over $350,000) 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!
Features of 874 Deerwood Lane
| MLS® # | RX-11009386 |
|---|---|
| Price | $1,900,000 |
| Square Footage | 10,037 |
| Acres | 1.27 |
| Year Built | 1982 |
| Type | Commercial |
| Sub-Type | Hotel/ Motel, Income |
| Style | Income, Resident. Multi-Fam. |
| Status | Active |
Community Information
| Address | 874 Deerwood Lane |
|---|---|
| Area | 5940 |
| City | Chipley |
| County | Washington |
| State | FL |
| Zip Code | 32428 |
Amenities
| Utilities | Public Sewer, Public Water |
|---|---|
| Is Waterfront | No |
Interior
| Appliances | Building and Land |
|---|---|
| Heating | Electric |
| Cooling | Electric |
| # of Stories | 2 |
Exterior
| Lot Description | Multi Fam |
|---|---|
| Roof | Comp Shingle |
Additional Information
| Zoning | R-2 |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Luxe Coastal Realty Group LLC |
|---|