JBM Institutional Multifamily Advisors Lists Prime Asset
JBM Institutional Multifamily Advisors has taken an exciting step in the real estate market by listing Advenir at Magnolia. This attractive garden community features two stories and offers significant value-add potential, making it an excellent opportunity for potential investors.
About Advenir at Magnolia
Situated on a sprawling 13.19 acres, this property boasts 272 units, each averagely sized at 800 square feet. It showcases a comprehensive amenity package that includes two luxurious resort-style pools, grilling stations, a 24-hour fitness center, a business center, and laundry facilities. Plus, there are plenty of recreational options available, such as a lighted tennis court and multiple basketball and racquetball courts.
Unit Features
The diverse mix of studio, one, and two-bedroom units is particularly appealing. Nearly 42% of these units have been renovated to modern standards, featuring stylish faux wood plank flooring, sleek black kitchen appliances, and improved cabinetry. Further renovations could include upgraded stainless steel appliances and granite countertops, potentially achieving a rental premium of $152, yielding an impressive return on investment.
Exceptional Amenities
One of the standout features of Advenir at Magnolia is its impressive array of amenities designed to enrich the living experience of its residents. From recreational facilities like lighted tennis courts to expansive pools, the property promises an engaging lifestyle. The addition of washers and dryers in units, along with community areas for relaxation and social gatherings, enhance its appeal even further.
Strategic Location
Advenir at Magnolia benefits from excellent connectivity to major roadways, enhancing convenience for residents who commute or enjoy nearby attractions. With significant traffic counts near Semoran Boulevard, access to popular entertainment venues and major employment centers in the region is seamless. Notably, the property is just a short distance from Altamonte Mall, which attracts millions annually and boasts a plethora of shopping and dining options.
Nearby Healthcare Facilities
Additionally, the proximity of AdventHealth Altamonte Springs, just two miles away, is a tremendous advantage. This thriving facility employs over 2,400 staff members and offers 393 beds, ensuring that residents have access to quality healthcare nearby. The hospital is currently undergoing a significant growth initiative, reflecting the area's potential for further development and investment.
About JBM
JBM is recognized as a top-tier boutique brokerage specializing in multifamily properties. Notably ranked as the number one firm in the U.S.A., JBM has established an impressive track record, achieving over $19.4 billion in transaction volume and representing more than 170,000 units throughout its career. This unrivaled expertise makes JBM a leading authority in the multifamily sector, particularly within Florida.
Frequently Asked Questions
What is Advenir at Magnolia?
Advenir at Magnolia is a two-story garden community comprising 272 rental units with a variety of amenities.
What amenities does Advenir at Magnolia offer?
The property includes two resort-style pools, a fitness center, a business center, and recreational facilities such as tennis and basketball courts.
What type of units are available?
Advenir at Magnolia offers studio, one-bedroom, and two-bedroom units, with some already renovated and upgraded.
How does JBM rank in the industry?
JBM is ranked as the number one boutique brokerage firm in the U.S.A. and holds the highest average sold price per transaction.
Why is the location important?
The property's location provides exceptional access to entertainment, retail, and major employment centers, making it desirable for residents.
