Real Estate Listings for Cocoa Beach,
Satellite Beach and Brevard County, Florida
Greater Brevard Area, Waterfront
Properties & Cocoa Beach
Contact Alyssa Boyd,
321-591-7585
Price: $5,200,000.00
COMMERCIAL - MLS #1054166
Added on Monday, August 11th, 2025 at 12:00am
About This Property:
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)