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Alyssa Boyd

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Marianna, Fl

Price: $5,200,000.00


COMMERCIAL - MLS #1054166 - Built in 2000
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)

Subdivision

None

Parking

Split Floorplan

Pool

Pool Description

Waterfront

Water Type

none

Construction

Floor

Exterior Finish

Roof Type

Fireplace

Furnishings

Home Warranty

Utilities

Appliances

County

Jackson

Gated Community

HOA

HOA Dues

$0.00

Tax Year

2024

Tax Amount

$30,150.70

55+ Community

Home View

Additional Rooms

Short Sale

Home Style

Interior Features

Exterior Features

Property Details - This listing is courtesy of Denovo Realty.