Remarks

3034 Jefferson Street is a stabilized, B Class 44-unit townhome community in Marianna, FL, delivering strong in-place cash flow with current annual rent of $557,091 and NOI of $362,784. Set on 4.43 acres with R-3 zoning, it offers a mix of 2BR and 3BR townhomes—many recently renovated. Occupancy is 100%, with units renting quickly, often within a week. Upside includes converting remaining MTM tenants to market rate and upgrading 7 more units to 3BRs for proven rent premiums. Zoning allows up to 70 units, supporting future development. Minutes from I-10 and major employers such as Family Dollar, Jackson Hospital, and Chipola College, the property benefits from Marianna's projected 28% job growth and strong demand for 3BR rentals under $1,500, ensuring durable income and long-term appreciation potential.

Details

MLS#: 1054166
Price: $5,496,000

Style: Multi Family
Sq Ft: 51814
Year Built: 2000

County: Jackson
Tax Fee: 30150.7000000000007