Mar y Sol Properties

3034 Jefferson Street, Marianna, FL 32446 (MLS# 1054166)

$5,200,000
3034 Jefferson Street
Marianna, FL 32446
MLS# 1054166
84 baths
The Grove_Northeast
  1 / 25  
The Grove_Northeast Marianna_City Limits Landmarks Overhead+Outline The Grove_Southeast The Grove_South The Grove_West The Grove_Southwest I-10_Walmart_Lowes The Grove_Northwest The Grove_Southeast 4434_2 4437 4442_1 4435+4437 4434_1 4441 4443 4442_2 3034_1 GROVE AP1 GROVE AP2 GROVE AP3 GROVE AP4 GROVE AP6 GROVE AP7

Property Description
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)

Details
Maps
Documents
Contract Information
Start Showing Date: 2025-08-11
Current Price: $5,200,000
Original List Price: 5496000
List Price: $5,200,000
Status: Active
Listing Contract Date: 2025-08-11
Property Sub Type: Multi Family
Location, Tax, and Legal
Tax Account: 2567847
Parcel Number: 34-5n-10-0437-0000-0080
General County Location: Out of Brevard
Tax Annual Amount: 30150.7
Tax Year: 2024
Directions: 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.
General Property Information
Number Of Units Total: 44
Building Area Total: 51814
Lot Size Acres: 4.43
Building Name: The Grove Townhome Apartments
List Price/SqFt: 100.36
Bathrooms Total: 84
Year Built: 2000
Remarks and Miscellaneous
Public Remarks: 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)
Construction Materials
Brick: 1
Frame: 1
Vinyl Siding: 1
Cooling
Central Air: 1
Current Use
Multi-Family: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Many Trees: 1
Parking Features
Parking Lot: 1
Possession
Close Of Escrow: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Unit 1 Details
Unit ID: 3034
Annual Rent: 52800
Unit SqFt: 806
# Units (This Type): 4
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 2/1 Unit 4 total all in building 3034
Unit 2 Details
Unit ID: 4433-4442
Annual Rent: 358500
Unit SqFt: 1056
# Units (This Type): 25
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: 2/1.5 unit (25 total units this type)
Unit 3 Details
Unit ID: 4433-4422
Annual Rent: 233100
Unit SqFt: 1056
# Units (This Type): 15
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: 3/1.5 unit (15 this type)
Unit 4 Details
Unit ID: 4433
Annual Rent: 14340
Unit SqFt: 1056
# Units (This Type): 1
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Complex has total of 25 2/1.5 and 15 3/1.5
Unit 5 Details
Unit ID: 4434
Annual Rent: 14340
Unit SqFt: 1056
# Units (This Type): 1
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Complex has total of 25 2/1.5 and 15 3/1.5
Unit 6 Details
Unit ID: 4435
Annual Rent: 14340
Unit SqFt: 1056
# Units (This Type): 1
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Complex has total of 25 2/1.5 and 15 3/1.5
Unit 7 Details
Unit ID: 4436
Annual Rent: 15540
Unit SqFt: 1056
# Units (This Type): 1
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Complex has total of 25 2/1.5 and 15 3/1.5
Unit 8 Details
Unit ID: 4437
Annual Rent: 15540
Unit SqFt: 1056
# Units (This Type): 1
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Complex has total of 25 2/1.5 and 15 3/1.5
Utilities
Water Connected: 1
Water Source
Public: 1
Sale Includes
Building & Land: 1
Location Tax and Legal
Street Number: 3034
Street Name: Jefferson
Street Suffix: Street
County: Jackson
State: FL
Postal Code: 32446
MLS Area Major: 999 - Out of Area
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2025-10-24T18:15:03Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-10-24T18:15:03Z
Status Change Timestamp: 2025-08-11
Property Features
Construction Materials: Brick; Frame; Vinyl Siding
Cooling: Central Air
Current Use: Multi-Family
Listing Terms: Cash; Conventional
Lot Features: Many Trees
Parking Features: Parking Lot
Possession: Close Of Escrow
Roof: Shingle
Sale Includes: Building & Land
Sewer: Public Sewer
Utilities: Water Connected
Water Source: Public
Listing Office: Denovo Realty

Last Updated: November - 17 - 2025

Information is deemed to be reliable, but is not guaranteed.

Search powered by FBS Products