REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,425,000
Est. payment /mo
Price Dropped by $100K
872 Deer Wood LN Chipley, FL 32428
10,658 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,658 sqft
Price per Sqft $133
Subdivision [No Recorded Subdiv]
MLS Listing ID 782383
HOA Y/N No
Year Built 1982
Lot Size 1.270 Acres
Acres 1.27
Property Sub-Type Multi Family
Property Description
ANOTHER $100,000 PRICE REDUCTION! Deerwood Apartments is a fully occupied 16-unit multifamily asset offering immediate cash flow, significant recent capital improvements, and exceptional upside potential. The property features (8) 1BR/1BA units and (8) 2BR/1BA units, with approximately $350,000 invested in upgrades including a new septic system, new parking lot, full exterior repaint, updated on-site laundry facility (additional income stream), eight fully renovated units, eight refreshed units, and a 2019 roof. Strong in-place income, below-market rents, and minimal near-term capital expenditures create a clear path to increasing NOI. Conveniently located near I-10 and the rapidly growing Hwy 77 corridor with consistent rental demand. Aggressively priced and one of the strongest multifamily values currently available in Northwest Florida.
Location
State FL
County Washington
Area 10 - Washington County
Interior
Fireplace No
Exterior
Private Pool 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
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION