Commercial Sale · Multi Family
872 Deer Wood Lane, FL 32428, FL, 32428
Active252 days on marketListed Dec 5, 2025MLS #R11145666
About this property
The property at a glance
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.
10,037
Building sq ft
$163
Price / sq ft
1.27
Lot acres
1982
Year built
16
Units
Commercial
Zoning
Multi Family
Property type
The numbers
Investment snapshot
$102,375
Price / unit
16
Units
Estimated payment (illustrative)
Estimated payment
$8,341/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Tyler to connect you with a commercial lender for real numbers.
Your team
The pros in your corner
Your agent
Tyler Stoddard
REALTOR · CENTURY 21 Edge
Tours, offers, and every question about 872 Deer Wood Lane — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 872 Deer Wood Lane.
See it in person
Schedule a tour
Live availability from Tyler's calendar — pick a time and it's booked.
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 Miami Association of REALTORS®.