$ 1,900,000
872 Deerwood LN Chipley, FL 32428
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$ 1,900,000
Est. payment | /mo
1.27 Acres Lot
$ 1,900,000
Est. payment | /mo
1.27 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision [No Recorded Subdiv]
MLS Listing ID 760367
HOA Y/N No
Year Built 1982
Lot Size 1.270 Acres
Acres 1.27
Property Description
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 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!
Location
State FL
County Washington
Community Laundry Facilities
Area 10 - Washington County
Interior
Fireplace No
Exterior
Community Features Laundry Facilities
Waterfront No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Tax ID 00000000-00-2072-0008
Special Listing Condition Listed As-Is
Listed by Luxe Coastal Realty Group LLC
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