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Active - Multi Family for sale
872 Deer Wood Lane, FL 32428, Chipley, FL
Facts & features
Why you’ll love it
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.
Listings courtesy of Luxe Coastal Realty Group LLC.
Listed by: Marcy L O'donnell • 848-220-5555 • Luxe Coastal Realty Group LLC
Co-listed by: Luxe Coastal Realty Group LLC
Source: Miami MLS, MLS#: R11145666
Based on info available as of Nov 13, 2026 at 7:00 PM EST.
Come see by yourself
Affordability
$8,021/mo
- Mortgage$7,206
- Property tax$815
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
$28,500 Credit back
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Travel times
About Chipley
This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements.
Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.
Copyright ©2026.
Based on information as of Nov 13, 2026 at 07:00pm EST.
Make a winning offer, and get up to
$28,500 Credit back
