3034 Jefferson St - Apartments FOR SALE


Marianna, FL 32446
$5,496,000 USD
321-213-2263
3034 Jefferson St, Marianna, FL for Sale
$5,496,000 USD
Apartments - FOR SALE
1/37
null | 6.6% Cap Rate

3034 Jefferson St
Marianna, FL 32446


HIGHLIGHTS

  • B Class 44-unit townhomes, 100% occupied, high demand, Poised for significant NOI growth and expansion potential in Marianna, FL.

OVERVIEW

Welcome to The Grove Townhome Apartments An established, B-Class 44-unit townhome community in Marianna, FL—delivering strong, reliable in-place cash flow with multiple avenues for growth in a high-demand rental market. Meet the Team & Tour the Property Book a quick chat anytime via Calendly, or join us on site October 28th, 1–3 PM for tours and unit previews. Please RSVP to let us know if you’ll be joining us. https://calendly.com/j2porterteam Key Property Highlights: 4.43 acres with flexible R-3 zoning A well-balanced mix of 2BR and 3BR townhomes, many already modernized through recent renovations 100% occupancy, with units leasing in as little as one week Over $800,000 invested in substantial property upgrades and renovations 2026 NOI projected to climb by $63,819 (17.5%) Clear upside: converting MTM tenants to market rates and upgrading 7 more units to 3BR layouts, capturing proven rent premiums Zoning capacity for up to 70 units, creating a compelling development angle for future expansion Prime Location & Market Drivers: Just minutes from I-10 and major employment centers including Family Dollar Distribution, Jackson Hospital, and Chipola College Ideally positioned to meet Marianna’s growing workforce housing needs Strong fundamentals: projected 28% job growth and sustained demand for affordable 3BR rentals under $1,500 Investment Potential: With durable in-place cash flow, tangible NOI growth on the horizon, and additional value creation opportunities through unit conversions and development, The Grove represents a rare opportunity to own a stabilized yet growth-ready asset in a strengthening rental market. Detailed Financials Available: Comprehensive financials—including CapEx history, T12, rent rolls, and income statements—are available upon request with a signed NDA. Happy to answer any questions!! Let’s chat soon at your convenience about 3034 Jefferson!! https://calendly.com/j2porterteam

FOR SALE DETAILS

PRICE

$5,496,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

44

PRICE/UNIT

$124,909

CAP RATE

6.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Grove Townhome Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.43 AC

LAND SF

192,971 SF

ZONING

R3

APN/PARCEL ID

34-5N-10-0437-0000-0080

ASK ABOUT THIS PROPERTY

Jeff PorterDenovo RealtyMore Info
321-213-2263

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Jeff PorterDenovo RealtyMore Info
321-213-2263

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.