- MLS® #: RX-11009386
- 874 Deerwood Lane
- Chipley, FL 32428
- $1,900,000
- 10,037 SqFt, 1.27 Acres
- Commercial
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!
View Virtual TourEssential Information
- MLS® #RX-11009386
- Price$1,900,000
- Square Footage10,037
- Acres1.27
- Year Built1982
- TypeCommercial
- Sub-TypeHotel/ Motel, Income
- StyleIncome, Resident. Multi-Fam.
- StatusActive
Community Information
- Address874 Deerwood Lane
- Area5940
- CityChipley
- CountyWashington
- StateFL
- Zip Code32428
Amenities
- UtilitiesPublic Sewer, Public Water
Interior
- AppliancesBuilding and Land
- HeatingElectric
- CoolingElectric
- # of Stories2
Exterior
- Lot DescriptionMulti Fam
- RoofComp Shingle
Additional Information
- Date ListedAugust 2nd, 2024
- Days on Website117
- ZoningR-2
- Office: Luxe Coastal Realty Group Llc
Property Location
874 Deerwood Lane on www.jupiterabacoahomes.us
Offered at the current list price of $1,900,000, this home for sale at 874 Deerwood Lane features bedrooms and 0 bathrooms. This real estate listing is located in of Chipley, FL 32428 and is approximately 10,037 square feet. 874 Deerwood Lane is listed under the MLS ID of RX-11009386 and has been available through www.jupiterabacoahomes.us for the Chipley real estate market for 117 days.
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Listing information last updated on November 27th, 2024 at 8:30am CST.