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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.

PROPERTY FEATURES

Total Units : 16
Utilities : Public Sewer,Public Water
Property Use : Hotel/ Motel,Income Type of Building : Income,Resident. Multi-Fam. Available Info : Full Financials Zoning : R-2 Fire Protect : Smoke Alarm
Heating System : Electric Cooling System : Electric
Roof : Comp Shingle
Flooring : Other

PROPERTY DETAILS

Street Address: 874 Deerwood Lane
City: Chipley
State: Florida
Postal Code: 32428
County: Washington
MLS Number: 11009386
Year Built: 1982
Courtesy of Luxe Coastal Realty Group LLC

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