Skip to main content
Back to Search Results
|

3034 Jefferson Street, Marianna, FL 32446

Show All 25 Photos
For Sale

$5,496,000

84 baths • 51,814 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $106.07
    Price per square foot

  • 21-30 Years Old
    Age

Explore this Property

Discover The Grove Townhome Apartments - A Proven Performer with Compelling Upside. The Grove is a stabilized, 44-unit B-Class community on 4.43 acres of R-3 zoned land in Marianna, FL, offering both strong in-place cash flow and meaningful value-add potential. Recent $800K+ in renovations have enhanced curb appeal and efficiency. The property is 100% occupied, with units leasing in under a week, underscoring local demand. Income upside is immediate: NOI is projected to rise 17.5% by 2026 through market rent adjustments, converting month-to-month tenants, and upgrading the seven remaining 2BR units to 3BR layouts proven to command premiums. Zoning permits up to 70 units, supporting long-term expansion. Ideally located near I-10, Family Dollar, Jackson Hospital, and Chipola College, The Grove benefits from 28% projected job growth and strong demand for affordable 3BR rentals under $1,500. With its solid mix, development potential, and detailed financials available,
MLS# 1054166

Courtesy Of Denovo Realty

(321) 237-1887

Property Features

  • Age
    21-30 Years Old
  • Exterior Type
    Brick
  • Lot Size
    4.43 Acres

Map and Directions

Directions to 3034 Jefferson Street, Marianna, FL 32446

Home seller CENTURY 21 Sunny South Properties

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Sunny South Properties

(850) 526-2891
Learn More About Us

Mortgage Calculator

$
$ %
Loan Term
%
Invalid number

$ /year
$ /year
$ /month

Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

An Equal Opportunity Company

Copyright © 2025 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.