Price: $4,999,000

3034 Jefferson StreetMarianna, FL 32446

3034 Jefferson Street

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0

Square Foot

51,814

Total Sq. Ft.

N/A

Bedrooms

84.00

Full Baths

N/A

½ Baths

2000

Year Built

MLS # 1054166

Type: Multi Family

List Date: 08-11-2025

Homestead: N/A

Zoning: N/A

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Property Description:

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.

Exterior Features

N/A

Interior Features:

N/A

Equipment / Appliances:

N/A

Utilities:

N/A

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Property Details

Street Name:

Jefferson Street

County:

Jackson

Listing Status:

Active Under Contract

Tax Year:

2024

Zip Code:

32446

Subdivision:

None

Tax Amount:

$30,151

HOA Dues:

$0.00

Broker Reciprocity
3034 Jefferson Street Marianna, FL 32446

This listing is courtesy of Denovo Realty.

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