$890,000
Chipley, FL 32428
MLS# 766729
Status: Sold
7916 sqft
1 / 16
Property Description
Excellent multifamily investment opportunity! Built in 2020, this 7-unit apartment complex features: (2) 2-bedroom/2-bath units and (5) 2-bedroom/1-bath units, situated on a generous 3-acre lot. With all units fully leased, this property provides immediate rental income. The seller has also invested in comprehensive engineering work, including site construction plans, grading designs, building drawings for the addition of 4 townhomes with current county approval.
Details
Maps
Contract Info
List Price/SqFt: 113.69
List Date: 2025-01-02
List Price: $899,999
Current Price: $890,000
Sub-Type: Multi-Family
Location
Sub Area: 1004 - Washington NW
Community/Resort: None
Waterfront: Yes
Elementary School: Kate M. Smith
Middle School: Roulhac
High School: Chipley
Directions: From Kirkland Rd and Hwy 90 head south on Kirkland Rd, apartments on the left.
Area: 10 - Washington County
Street #: 1502
Street Name: Kirkland
Street Suffix: Road
State: FL
Zip Code: 32428
County: Washington
Subdivision: No Named Subdivision
Parcel ID: 00000000-00-2021-0003
Legal Description: 5 4 13 3.01 ORB 1159 P 548 PRCL DESC IN ORB 1159 P 548
General Property Info
List Class: Apartment
Acreage: 3.01
Construction Status: Construction Complete
# of Units: 7
SqFt HVAC: 6050
# of Stories in Building: 1
SqFt Tot Bldg: 7916
Year Built: 2020
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Excellent multifamily investment opportunity! Built in 2020, this 7-unit apartment complex features: (2) 2-bedroom/2-bath units and (5) 2-bedroom/1-bath units, situated on a generous 3-acre lot. With all units fully leased, this property provides immediate rental income. The seller has also invested in comprehensive engineering work, including site construction plans, grading designs, building drawings for the addition of 4 townhomes with current county approval.
Status Change Info
Sold Price/SqFt: 112.43
Sold Price/Acre: 295681.06
Status: Sold
Under Contract Date: 2025-07-30
Sold Date: 2025-09-30
Sold Price: $890,000
Energy
AC - 2 or More: 1
Financing
Cash: 1
Conventional: 1
Utilities
Electricity - Connected: 1
Internet - Broadband Available: 1
Water Connected: 1
Septic Tank: 1
Waterfront Type
Pond w/o Gulf Access: 1
Floors in Unit/Home
One: 1
Heating/Cooling
AC - Central: 1
Heat - HVAC: 1
Multi-Family
Year Built: 2020
# of Units: 7
Actual Gross Income: 78.9
Property Features
Energy: AC - 2 or More
Financing: Cash; Conventional
Utilities: Electricity - Connected; Internet - Broadband Available; Water Connected; Septic Tank
Waterfront Type: Pond w/o Gulf Access
Listing Office: SOUTHERN WAY REALTY, INC.
Last Updated: October - 02 - 2025
Information deemed reliable but not guaranteed.