3034 Jefferson Street, Marianna, FL 32446
sale
$4,999,000
|
Other
Courtesy Of Denovo Realty
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.
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Property Features
- Age: 21-30 Years Old
- Building Units: 44
- Cooling System: Central Air
- Exterior Type: Vinyl Siding
- Exterior Type: Brick
- Exterior Type: Frame
- MLSID: 1054166
- Roof Type: Shingle
- Rooms: Bathroom 50
- Rooms: Bathroom 52
- Rooms: Bathroom 51
- Rooms: Bathroom 58
- Rooms: Bathroom 14
- Rooms: Bathroom 13
- Rooms: Bathroom 57
- Rooms: Bathroom 16
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- Rooms: Bathroom 59
- Rooms: Bathroom 54
- Rooms: Bathroom 10
- Rooms: Bathroom 53
- Rooms: Bathroom 56
- Rooms: Bathroom 12
- Rooms: Bathroom 11
- Rooms: Bathroom 55
- Rooms: Bathroom 18
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- Rooms: Bathroom 61
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- Rooms: Bathroom 63
- Rooms: Bathroom 62
- Rooms: Bathroom 69
- Rooms: Bathroom 25
- Rooms: Bathroom 24
- Rooms: Bathroom 68
- Rooms: Bathroom 27
- Rooms: Bathroom 26
- Rooms: Bathroom 21
- Rooms: Bathroom 65
- Rooms: Bathroom 64
- Rooms: Bathroom 20
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- Rooms: Bathroom 67
- Rooms: Bathroom 66
- Rooms: Bathroom 22
- Rooms: Bathroom 1
- Rooms: Bathroom 29
- Rooms: Bathroom 28
- Rooms: Bathroom 8
- Rooms: Bathroom 9
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- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 72
- Rooms: Bathroom 71
- Rooms: Bathroom 30
- Rooms: Bathroom 74
- Rooms: Bathroom 73
- Rooms: Bathroom 70
- Rooms: Bathroom 36
- Rooms: Bathroom 79
- Rooms: Bathroom 35
- Rooms: Bathroom 38
- Rooms: Bathroom 37
- Rooms: Bathroom 76
- Rooms: Bathroom 32
- Rooms: Bathroom 75
- Rooms: Bathroom 31
- Rooms: Bathroom 78
- Rooms: Bathroom 34
- Rooms: Bathroom 77
- Rooms: Bathroom 33
- Rooms: Bathroom 39
- Rooms: Bathroom 83
- Rooms: Bathroom 82
- Rooms: Bathroom 41
- Rooms: Bathroom 84
- Rooms: Bathroom 40
- Rooms: Bathroom 81
- Rooms: Bathroom 80
- Rooms: Bathroom 47
- Rooms: Bathroom 46
- Rooms: Bathroom 49
- Rooms: Bathroom 48
- Rooms: Bathroom 43
- Rooms: Bathroom 42
- Rooms: Bathroom 45
- Rooms: Bathroom 44
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