$5,496,000

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,

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Commercial Sale
• Year Built: 2000
• Built in 2000
• Home size: 51,814 ft² / 4,813.64 m²
• MLS: 1054166
• Status: Active

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