- MLS® #: RX-11009386
- 874 Deerwood Lane
- Chipley, FL 32428
- $1,900,000
- 10,037 SqFt, 1.27 Acres
- Business
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
- CAD Dollar$2,653,747
- UK Pound£1,512,601
- Euro€1,815,543
- Square Footage10,037
- Acres1.27
- Year Built1982
- TypeBusiness
- 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
- Office: Luxe Coastal Realty Group Llc
Property Location
874 Deerwood Lane on www.jupiteroceanfronthomes.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.jupiteroceanfronthomes.us for the Chipley real estate market for 114 days.
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2024 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2024 Beaches Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on November 25th, 2024 at 7:30am CST.