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Listed price in listed location currency (USD).
$4,999,000

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 193
Approx. Age 2000
Avg. Price Per Sqft $96
MLS® Number 1054166

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

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

Description

The Grove has been decisively re-priced to $4.99M, creating one of the most compelling stabilized multifamily opportunities currently available in Northwest Florida. The seller is prioritizing qualified buyers capable of executing a Q1 closing . The Grove is a 100% occupied, 44-unit apartment community that delivers strong in-place cash flow, immediate upside through a light value-add program, and long-term development optionality. Units lease in approximately one week, underscoring the depth of rental demand in this market. At the new price, the property offers: * $4.99M Purchase Price * In-Place NOI: $383, 133 * 7.66% Takeover Cap Rate * 8.56% Year-One Cap Rate
(NOI modeled with updated property taxes and a new insurance quote) This is not a heavy lift or speculative repositioning. The current owner has already demonstrated rent growth on-site, providing clear proof of concept for the next phase of upside.
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

Price History

-End Date
Not Sold YetSold Price

Other

Aug 11, 2025List Date
$4,999,000List Price
  • Commute

Commute

Starting Address
Destination Address
3034 Jefferson St, Marianna, FL

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