Multifamily
The Grove Townhomes
3034 Jefferson St, Marianna, FL 32446
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap invites qualified investors to learn more about The Grove Townhomes in Marianna, FL. The Grove Townhomes is a quiet Townhome Community consisting of 4 two bedroom one bathroom flats, 33 two bedroom one and a half bathroom townhomes and 7 three bedroom one and a half bathroom townhomes. The property is located less than a mile from Main Street Marianna, home to more than 30 restaurants and shops, and less than 10 minutes from Interstate-10 which provides easy access to Pensacola and Tallahassee. The Property has received major renovations to the exterior and interior of 28 units, allowing an investor to pick up on interior renovations upon acquisition.
The Grove Townhomes
Investment Highlights
- All two-story buildings with 40 of the units being townhome-style floorplans
- Renovations include new roofs (2019), 28 units partially or fully renovated (2023/2024), and exterior property renovations (2019-2024)
- With Washer/Dryer Connections Present in Each Unit, a Buyer Has The Opportunity to Add Washer/Dryer Appliances for An Additional Rental Premium
- Value add opportunity to renovate the remaining 16 "standard" units, with the potential to achieve a $250/month rental premium following the renovation and increasing rental rates on already renovated units
- With Open Green Space, There is Further Upside by Activating Exterior Amenities Such as a Stationary Barbeque Grill, Picnic Tables, and Pergola with Edison Lights
- With Modern Upgrades and Low Stock of Townhome-Housing in Marianna, The Grove is a Unique Property to its Surroundings, allowing for Reduced Competition
Exclusively Listed By
Financing By
Listing Price: Request For Offer
Investment Highlights
- All two-story buildings with 40 of the units being townhome-style floorplans
- Renovations include new roofs (2019), 28 units partially or fully renovated (2023/2024), and exterior property renovations (2019-2024)
- With Washer/Dryer Connections Present in Each Unit, a Buyer Has The Opportunity to Add Washer/Dryer Appliances for An Additional Rental Premium
- Value add opportunity to renovate the remaining 16 "standard" units, with the potential to achieve a $250/month rental premium following the renovation and increasing rental rates on already renovated units
- With Open Green Space, There is Further Upside by Activating Exterior Amenities Such as a Stationary Barbeque Grill, Picnic Tables, and Pergola with Edison Lights
- With Modern Upgrades and Low Stock of Townhome-Housing in Marianna, The Grove is a Unique Property to its Surroundings, allowing for Reduced Competition
Investment Overview
Marcus & Millichap invites qualified investors to learn more about The Grove Townhomes in Marianna, FL. The Grove Townhomes is a quiet Townhome Community consisting of 4 two bedroom one bathroom flats, 33 two bedroom one and a half bathroom townhomes and 7 three bedroom one and a half bathroom townhomes. The property is located less than a mile from Main Street Marianna, home to more than 30 restaurants and shops, and less than 10 minutes from Interstate-10 which provides easy access to Pensacola and Tallahassee. The Property has received major renovations to the exterior and interior of 28 units, allowing an investor to pick up on interior renovations upon acquisition.
Exclusively Listed By
Financing By
