Edgewood Apartments II

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Address: 2213 Dellwood Cypress Rd, Marianna, FL 32446, USA

Florida & Gulf Coast + Apartment Buildings

Created date: November 6, 2026

Date last updated: November 6, 2026

Price: $1,200,000Investment Analyzer NEW!

17-Unit Multifamily Investment in Marianna, FL — 100% Physical Occupancy
Offered at $1,200,000 ($70,588/Unit) | 8.09% Cap Rate | $97,139 Pro Forma NOI
Unit Mix: 14 One-Bedroom Apartments, 2 Two-Bedroom Homes, and 1 Mobile Home ($160,800 GPR)
Part of an 11-Property Northwest Florida Portfolio — Available Individually, Paired with Edgewood Apartments I (36 Total Units | $2,400,000 | 8.17% Blended Cap Rate), or as a Larger Package

Property Description

Matthews Real Estate Investment Services is pleased to present Edgewood Apartments II, a 17-unit multifamily investment opportunity located at 2213 Dellwood Cypress Rd in Marianna, FL 32448. Offered at $1,200,000 ($70,588/unit) and an 8.09% cap rate ($97,139 pro forma NOI), the property is 100% occupied across fourteen 1BR/1BA apartment units, two 2BR/1BA homes, and one mobile home ($160,800 gross potential rent; 36.4% expense ratio). In-place rents sit below surrounding market levels, offering strong rent-growth upside alongside stable day-one cash flow. Edgewood Apartments II is part of an 11-property Northwest Florida portfolio and can be purchased individually, paired with nearby Edgewood Apartments I (19 units at 6143 US Highway 90 for 36 total units at $2,400,000 / 8.17% blended cap rate), or as part of a larger package. Contact: Gabriel Peña, Associate Vice President, Matthews Real Estate Investment Services | (954) 204-0115 | [email protected] | FL License No. SL3492043.

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Key Property Information

Listing Status:	Available
Property Types:	Apartment Buildings
Price:	$1,200,000
No. of Units:	17
Cap Rate:	8.09%
GRM /GIM:	7.5
Average Occupancy:	100
No. of Stories:	1
Opportunity Zone:	No
Price per unit:	$70,588
Property Website	Click Here

Address: 2213 Dellwood Cypress Rd, Marianna, FL 32446, USA

Unit mix

Description	No. of Units	Sq ft.	Avg. Monthly Rent

FINANCIAL DETAILS

Income/expense info:	Actual
Gross income:	160800
Effective Gross income:	152760
Operating expenses:	55621
Net operating income:	97139

Additional contacts

Full name	Phone number	Email address
Gabriel Peña	9542040115	[email protected]

Investment Analyzer

Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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