872 Deerwood Lane

Chipley, FL 32428

Introducing Deerwood Apartments, a prime investment opportunity in the sought-after NW Florida area! Nestled in the charming heart of Chipley, FL, this multi-family detached property boasts 16 well-maintained units spread across a scenic, tree-lined acre lot. Perfectly balancing modern upgrades with classic allure, this complex features eight 1-bedroom, 1-bath units (550 sqft each) and eight 2-bedroom, 1-bath units (850 sqft each). Built in 1982, the property has undergone significant updates with a new roof in 2019 and eight units fully remodeled for contemporary comfort. Recent enhancements include a brand-new septic system, a freshly paved driveway and parking lot, a modern laundry facility, and a complete exterior repaint. Discover Deerwood Apartments--a thriving community offering stability and growth in one of Florida's high-demand areas. With 100% occupancy and a strong cap rate, don't miss this exceptional chance to invest in a truly standout property!

Listing courtesy of Marcy L O'Donnell of Luxe Coastal Realty



Listing information is provided by Participants of the Emerald Coast Association of Realtors MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Emerald Coast Association of Realtors MLS.
Last checked: 2025-04-21 11:17 PM UTC