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872 Deer Wood Lane, Chipley, FL 32428

$1,525,000
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  • 872 Deer Wood Lane, Chipley, FL 32428 Main Photo

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Active Price Reduced by $50,000 on May 1st, 2026
SQUARE FEET10,658 MLS#782383
STATUSActive PROPERTY TYPECommercial - Business
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Property Description

INVESTORS -- $50K PRICE REDUCTION. Deerwood Apartments is a fully occupied 16-unit multifamily asset offering immediate cash flow and clear upside. Unit mix includes (8) 1BR/1BA and (8) 2BR/1BA units. Recent ~$350K in improvements: new septic, parking lot, exterior paint, updated laundry facility (additional income), plus 8 fully renovated units and 8 refreshed units. Roof replaced 2019. Strong in-place income with below-market rents provides a path to increased NOI. Located near I-10 and the growing Hwy 77 corridor with consistent rental demand. Turnkey asset with minimal CapEx and built-in upside at a newly improved price.

872 Deer Wood Lane | MLS# 782383

This commercial property located at 872 Deer Wood Lane, Chipley, FL 32428 is currently listed for sale with an asking price of $1,525,000. Search Chipley real estate on paige.premierfl.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 1.27 Acres
Stories: 2.0
Year Built: 1982

Feature Descriptions

Days on Site: 151
Parcel#: 00000000-00-2072-0008

Listed By / Shown By

Listed By

Agency Name: Luxe Coastal Realty Group LLC

Shown By

Agent Name: Paige Robinson
Agent Phone: (850) 797-9595
Agency Title: Premier Property Group

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers 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 on this site was last updated 05/05/2026. The listing information on this page last changed on 05/05/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 05/05/2026 8:08:30 AM EST) or Emerald Coast MLS (last updated Tue 05/05/2026 8:05:17 AM EST) or Central Panhandle Association of Realtors (last updated Tue 05/05/2026 1:17:51 AM EST). Real estate listings held by brokerage firms other than Premier Property Group may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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