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Listed price in listed location currency (USD).
$5,200,000

0840

MLS® 1054166

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size 51814 sqft
Garage No
HOA Fees 
Taxes $30,151
Days Active 117
Approx. Age 2000
Avg. Price Per Sqft $100
MLS® Number 1054166

Property Address: 3034 Jefferson St, Marianna, FL, 32446-2342

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to The Grove Townhome Apartments, an established 44-unit B-Class community in Marianna, FL, offering strong in-place cash flow and multiple growth paths in a high-demand rental market. Highlights: ✅ 100% occupancy—units lease within a week ✅ $800K+ invested in recent renovations ✅ Projected NOI: $362, 785 (2025) → $426, 603 (2026) → $466, 807 (2027) ✅ Zoning for up to 70 units (16 units/acre) ✅ 17.5% NOI growth projected for 2026 ✅ Clear upside via unit conversions, market rent adjustments & expansion potential ✅ Cost segregation benefits projected at $893, 296+ (report included in OM)
MLS® Number1054166
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2000
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Building & Land

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 11, 2025List Date
$5,200,000List Price
  • Commute

Commute

Starting Address
Destination Address
3034 Jefferson St, Marianna, FL

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