The Verandahs at Hunt Club

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively present the opportunity to acquire Verandahs at Hunt Club (“the Property” or “Verandahs”), a 210-unit garden-style apartment community in Apopka, Florida. Built in 1984, Verandahs features oversized floorplans averaging 1,185 square feet - ranging from spacious 979 SF one-bedroom layouts to expansive 1,438 SF three-bedroom residences. These generous living spaces allow Verandahs’ one-bedroom units to compete with market two-bedroom inventory and two-bedroom units to compete with market three-bedroom inventory. Current ownership completed comprehensive renovations across the units between 2016-2018, including new appliances, updated cabinetry, resurfaced countertops, vinyl flooring, upgraded fixtures, and washer/dryer installations. Residents enjoy resort-style amenities including a pool and hot tub, 24-hour fitness center, tennis and sports courts, putting green, resident lounge with coffee bar, enclosed playground, and gated community access.

The value-add business plan centers on renovating 204 units to capture rent premiums averaging $193 per unit ($150 for one-bedrooms, $225 for two-bedrooms) through upgraded finishes including stone countertops, tile backsplash, undermount sinks, plank vinyl flooring throughout, and new light fixtures. Post-renovation pricing maintains a 10-15% per-square-foot discount to nearby comparables, creating sustainable rent growth runway. Additional upside exists through amenity enhancements including a pool area refresh, clubhouse updates, sports court transformation, and FF&E upgrades - building on current ownership’s nearly $3 million in recent capital investments.

Verandahs’ oversized layouts appeal to families seeking larger accommodations, complemented by A-rated Seminole County School District zoning with all three schools, Wekiva Elementary, Teague Middle School, and Lake Brantley High School, maintaining A ratings. Located off SR 436 with 9-minute I-4 access, the Property sits 10 minutes from Maitland’s 7.5 million SF of office space (ADP, Charles Schwab, iHeartMedia) and 15 minutes from Lake Mary’s 7.7 million SF (Deloitte, Addition Financial, BNY Mellon, Faro Technologies). Exceptional retail access includes Hunt Club Corners (0.3 miles), Wekiva Riverwalk with Sprouts and Planet Fitness (1.1 miles), Altamonte Mall (5.1 miles), and Wekiwa Springs State Park’s 7,000 acres of outdoor recreation (3.8 miles).

Verandahs’ combination of oversized units, value-add runway, A-rated schools, strategic positioning between Central Florida’s employment corridors, and rent growth supported by third-party rent growth projections of 2.4%-4.2% annually through 2030, creates a premier multifamily investment opportunity in northwest Orlando’s high-barrier Seminole County submarket.