872 Deer Wood Lane, Chipley, FL 32428
$1,425,000 · $142 per sq ft · Multifamily for sale
- Property type: Multi Family
- Asking price: $1,425,000
- Price per sq ft: $142
- Building size: 10,037 sq ft
- Lot size: 1.27 acres
- Zoning: Commercial
- Year built: 1982
- Units: 16
- Stories: 2
- Tenant pays: Cable TV, Electricity
- Parcel ID: 000000000020720008
- MLS#: R11145666
About this property
Deerwood Apartments offers a strong investment opportunity in the growing NW Florida market. Located at 872 Deerwood Lane in Chipley, this well-maintained 16-unit community sits on just over an acre and features eight 1BR/1BA units (550 sq ft) and eight 2BR/1BA units (850 sq ft). The property has received significant recent upgrades, including a new septic system, new driveway and parking lot, full exterior paint, an updated on-site laundry facility, and a 2019 roof. Inside, 8 units have been fully remodeled and 8 have been refreshed, offering a turnkey asset with durable improvements throughout. Residents enjoy convenient access to I-10, nearby shopping and dining, medical services, and Chipley's ongoing revitalization efforts. The area continues to experience steady growth along HWY 77 and increased commercial activity tied to regional employment hubs. Now offered with a strategic price adjustment, Deerwood Apartments presents exceptional value for investors seeking stability, strong rental demand, and long-term upside in a desirable Florida submarket.
Building Features and Utilities
- Cable Available
Operating Statement
| Property taxes | $9,783/yr |
|---|
Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.
About the Business at 872 Deer Wood Lane
- Included: Building, Land
Presented by
BreakThru Realty · (786) 914-1017
Courtesy of
Luxe Coastal Realty Group LLC · MarcyLODonnell@gmail.com · Listing agent: Marcy L O'Donnell
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.
Request a tour or more information
Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 872 Deer Wood Lane or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.
Questions About 872 Deer Wood Lane
- How much is 872 Deer Wood Lane?
- 872 Deer Wood Lane is listed at $1,425,000, about $142 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
- What is 872 Deer Wood Lane zoned?
- The listing reports zoning of Commercial. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
- How big is 872 Deer Wood Lane?
- The listing reports 10,037 square feet of building.
- When was 872 Deer Wood Lane built?
- 872 Deer Wood Lane was built in 1982. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
- What are the property taxes on 872 Deer Wood Lane?
- The listing reports annual property taxes of $9,783 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
- How do I tour 872 Deer Wood Lane?
- Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.
More Commercial Real Estate
See every commercial listing in Chipley or browse Florida commercial real estate.