44-Unit Deal Under LOI! · Multifamily Strategy Community

44-Unit Deal Under LOI!

Quick Update

I just submitted an LOI on a 44-unit value-add property in Marianna, FL, and I’m starting early conversations with people who may want to partner on future opportunities.

Nothing is locked in yet — we’re still waiting on acceptance and haven’t started lender discussions — but the numbers look strong enough to explore building the right team.

📊 Early Snapshot

Target Price: $4.6M
Units: 44
Current Annual Income: ~$600K (T-12 + rent roll)
Projected NOI Range: ~$350K–$400K+ (to be confirmed in due diligence)
Strong Value-Add: Unit conversions, rent bumps, seller credits, and expansion potential

🌱 Why I Like This Market

Marianna is a smaller market but growing fast — new employers, housing shortage, and recent major companies moving in.

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