Property Highlights

Recent $800K+ renovations enhance curb appeal
100% occupancy with quick leasing
Located near I-10 and local amenities
Zoned for up to 70 units expansion
Close to hospital and college
Strong demand for affordable 3BR rentals

Overview

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)

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