FL > Marianna
Marianna, FL 32446,3034 Jefferson ST
Marianna, FL 32446,3034 Jefferson ST
Marianna, FL 32446,3034 Jefferson ST
Marianna, FL 32446,3034 Jefferson ST
Marianna, FL 32446,3034 Jefferson ST
Marianna, FL 32446,3034 Jefferson ST
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Shawna Newberry

Shawna Newberry

+1(321) 431-5561
$ 5,496,000
Est. payment | /mo

84 Baths

51,814 SqFt

Save Virtual Tour
$ 5,496,000
Est. payment | /mo
Save Virtual Tour

84 Baths

51,814 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 51,814 sqft

Price per Sqft $106

MLS Listing ID 1054166

Total Fin. Sqft 51814

Year Built 2000

Annual Tax Amount $30,150

Tax Year 2024

Lot Size 4.430 Acres

Acres 4.43

Property Sub-Type Multi Family

Source Space Coast MLS (Space Coast Association of REALTORS®)

Property Description

Discover The Grove Townhome Apartments — A Proven Performer with Compelling Upside. The Grove is a stabilized, 44-unit B-Class community on 4.43 acres of R-3 zoned land in Marianna, FL, offering both strong in-place cash flow and meaningful value-add potential. Recent $800K+ in renovations have enhanced curb appeal and efficiency. The property is 100% occupied, with units leasing in under a week, underscoring local demand. Income upside is immediate: NOI is projected to rise 17.5% by 2026 through market rent adjustments, converting month-to-month tenants, and upgrading the seven remaining 2BR units to 3BR layouts proven to command premiums. Zoning permits up to 70 units, supporting long-term expansion. Ideally located near I-10, Family Dollar, Jackson Hospital, and Chipola College, The Grove benefits from 28% projected job growth and strong demand for affordable 3BR rentals under $1,500. With its solid mix, development potential, and detailed financials available,

Location

State FL

County Jackson

Area 999 - Out Of Area

Direction From Brevard County, take I-95 N to Jacksonville, merge onto I-10 W toward Tallahassee. Follow I-10 W ~224 miles, take Exit 142 for SR-71 N toward Marianna. Turn right on SR-71 N, then left on US-90 W/Jefferson St. Continue to 3034 Jefferson St., Marianna, FL. Total ~404 miles, about 6 hours.

Interior

Cooling Central Air

Inclusions Building & Land

Exterior

Exterior Feature ExteriorFeatures

Parking Features Parking Lot

Utilities Available Water Connected

Roof Type Shingle

Present Use Multi-Family

Garage No

Building

Lot Description Many Trees

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 34-5n-10-0437-0000-0080

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/spc/1054166

Space Coast Association of Realtors (Brevard MLS)
Listed by Denovo Realty
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3034 Jefferson ST