JBM Institutional Multifamily Advisors Announces Listing
JBM Institutional Multifamily Advisors is excited to announce the exclusive listing of the Venetian Apartments, a premier Class A asset poised to attract significant interest from investors. This exceptional multi-family property, comprising both two and three-story garden-style apartments, showcases high-quality features and fresh upgrades, including new barrel tile roofs in 2024.
Property Overview
The Venetian, constructed in 2018, consists of 436 spacious units, with each unit averaging 928 square feet. The site boasts approximately 23.44 acres of manicured land, providing ample space for residents to enjoy various amenities. This property combines modern living with luxurious touches, making it a standout option in the competitive multifamily market.
Investment Highlights
One of the most appealing aspects of this listing is its stellar financial structure, which includes an assumable debt with approximately 72% loan-to-value (LTV) ratio, paired with an attractive 5.16% interest rate. The financing arrangement also features a full-term interest-only option, which can enhance cash flow for potential buyers. Additionally, the Venetian offers an in-place SB102 tax abatement for 85 units that provides a substantial 75% reduction in ad valorem taxes, making this investment particularly compelling.
Amenities That Stand Out
Residents of the Venetian enjoy a wide array of luxury amenities. The property features a resort-style lakeside pool, complete with a hot tub and a spacious pool deck offering multiple lounging options and shaded daybeds for comfort. The grand clubhouse serves as a central social hub, including a community lounge, fireplace, game room, business center, and dedicated coffee station. To enhance the living experience, the Venetian also includes a waterfront gazebo with grilling stations, two fully equipped 24/7 fitness centers, a fenced dog park, pet spa, and convenient detached garages available for rent.
Unit Features
The apartments themselves present a variety of layouts, including one, two, and three-bedroom options, catering to diverse resident needs. Each unit is thoughtfully designed with open-concept floorplans, featuring modern kitchens equipped with stainless steel appliances, stylish kitchen islands, and designer touches such as pendant lighting and granite countertops. Luxury faux wood plank flooring adds elegance, while in-unit washers and dryers offer convenience for residents.
Prime Location
The Venetian Apartments are strategically located on Winkler Avenue, intersecting with Colonial Boulevard and Veronica S. Shoemaker Boulevard, ensuring residents enjoy convenient access to the wider area. Valuable retail destinations are mere minutes away; for instance, The Forum, a robust retail power center, features well-known anchors like Target, Home Depot, and Petco. Furthermore, the proximity to a newly constructed hospital with state-of-the-art facilities emphasizes the area's growth and appeal.
About JBM Institutional Multifamily Advisors
JBM is a prominent name in Southwest Florida's real estate market, holding over a 70% market share. The firm is recognized as the #1 ranked boutique brokerage in the USA, consistently leading in average sold price per transaction according to recent national multifamily broker rankings. With a total transactions volume exceeding $20 billion and over 172,000 units transacted, JBM Institutional Multifamily Advisors is the go-to expert for multifamily investments in the region. Their commitment to optimizing client success showcases their unparalleled expertise.
Frequently Asked Questions
What is the Venetian Apartments listing about?
The Venetian Apartments have been exclusively listed by JBM Institutional Multifamily Advisors, featuring luxury living options and a range of amenities.
What amenities are provided at the Venetian Apartments?
Residents at the Venetian enjoy a resort-style pool, hot tub, clubhouse, fitness centers, and various outdoor spaces including a dog park and grilling stations.
When was the Venetian Apartments built?
The Venetian was constructed in 2018 and has since been enhanced with new barrel tile roofs installed in 2024.
What are the investment highlights for potential buyers?
Key investment highlights include attractive assumable debt terms, a significant tax abatement program, and a competitive LTV ratio.
Where is the Venetian Apartments located?
The Venetian is conveniently located on Winkler Avenue, close to retail centers and a new hospital, enhancing its investment appeal.
