2213 Dellwood Cypress RdMarianna, FL 32446

Property Details for 2213 Dellwood Cypress Rd

Property type

Hospitality properties

Property subtype

Multifamily properties

Description

This exceptional multifamily investment opportunity in Marianna, Florida, presents a compelling case for astute investors. Priced at $2,300,000, this stabilized Class B property boasts a strong 9.38% cap rate and an adjusted NOI of $215,692. The portfolio comprises 35 rentable units, strategically divided across two properties located less than a quarter-mile apart. The diverse unit mix includes fifteen duplexes, three single-family homes, one farmhouse, and a single RV lot, providing a balanced revenue stream. Currently 100% occupied with long-term tenants, this property offers immediate cash flow and significant upside potential. Situated in Jackson County, Marianna benefits from its proximity to major transportation routes (US Highway 90 and Interstate 10), supporting both agricultural and light industrial businesses. The city provides essential amenities, including schools and healthcare facilities, enhancing the overall quality of life and attracting a stable tenant base. This turnkey investment is ideal for those seeking a high-yield, diversified multifamily portfolio in a growing Florida market. The property consists of 20 buildings, offering a manageable and efficient operational structure. Each unit offers a strong price per unit of $65,714.29, reflecting the value and potential of this exceptional investment. The location at 2213 Dellwood Cypress Rd, Marianna, FL 32446, provides easy access to the city's amenities and transportation networks.

Location Insight

City

Marianna

County

Jackson

State

Florida

Latitude

30.7246

Longitude

-85.0791

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