JBM Institutional Multifamily Advisors Unveils Advenir at Magnolia
JBM Institutional Multifamily Advisors has made waves in the real estate market by exclusively listing Advenir at Magnolia Apartments. This charming two-story garden community comprises 272 units, each averaging 800 square feet, all nestled within 13.19 acres. The property has tremendous value-add potential, providing a lucrative investment opportunity.
Property Features and Amenities
Potential investors will find Advenir at Magnolia to be an attractive asset, especially with its competitive pricing well below the current replacement cost. The property boasts a wealth of amenities, including resort-style pools, well-equipped fitness center, business center, and convenient laundry facilities. Moreover, it offers diverse recreational options such as a lighted tennis court, multiple basketball courts, and several racquetball courts, making it a sought-after living destination.
Unit Specifications
The apartment complex features a mixture of studio, one-bedroom, and two-bedroom units. Impressively, about 42% of the units have undergone renovations which include modern faux wood plank flooring and updated appliances. A strategic renovation program could enhance these units further, leading to an estimated rent increase of $152, providing a return on investment (ROI) of 32%. Suggestions for renovations include the addition of stainless steel appliances and granite countertops, ensuring residents enjoy a premium living experience.
Strategic Location Benefits
Advenir at Magnolia's prime location enhances its appeal. It enjoys excellent accessibility via major roads, facilitating easy commutes to entertainment venues, retail hubs, and key employment centers. The property sits a mere 2.5 miles from the Altamonte Mall, a bustling destination known for attracting over 9.5 million visitors each year. This shopping mecca offers numerous options, including renowned retailers such as Dillard's and Starbucks. Additionally, AdventHealth Altamonte Springs, just two miles away, is a major healthcare provider with extensive facilities and employment opportunities.
About JBM Institutional Multifamily Advisors
JBM Institutional Multifamily Advisors is recognized as the top boutique brokerage firm in the country, a title it has earned through exceptional service and results in the Florida market. According to Green Street's 2023 multifamily broker rankings, JBM leads with the highest average sold price per transaction nationally and boasts the top sales price per unit in Florida. With lifetime transaction volume exceeding $19.4 billion and over 170,000 units sold, JBM remains a dominant force in the real estate sector.
Frequently Asked Questions
What is Advenir at Magnolia?
Advenir at Magnolia is a multifamily residential community listed exclusively by JBM Institutional Multifamily Advisors, featuring various unit sizes and extensive amenities.
What amenities are included at Advenir at Magnolia?
The property includes resort-style pools, a fitness center, sports courts, business center, and laundry facilities, catering to diverse resident needs.
How many units does Advenir at Magnolia have?
Advenir at Magnolia consists of 272 units, offering a mixture of studio, one-bedroom, and two-bedroom options.
What is the location advantage for Advenir at Magnolia?
The property's location offers excellent connectivity to major roads and is close to shopping, dining, and key employment centers, enhancing its appeal to residents.
What distinguishes JBM Institutional Multifamily Advisors?
JBM is renowned as the top boutique brokerage in the U.S., recognized for its high sales achievements and extensive experience in the multifamily property market.
