AMLI Doral_Property for Sale
AMLI Doral_Property for Sale
11481 NW 41st St, Doral, FL, 33178-4865, US

AMLI Doral

Asset description

Jones Lang LaSalle (“JLL”), as the exclusive advisor, is pleased to offer the opportunity to acquire AMLI Doral (the “Property”), a 352-unit, core-plus garden-style multi-housing community with tremendous value-add potential in Doral, FL. Conveniently situated on NW 41st Street, immediately off of the Florida Turnpike, AMLI Doral features floor plans that are among the largest in Doral at an average size of 1,058 SF. While the Property’s Mediterranean architecture provides excellent curb appeal, unit interiors and amenity areas are prime candidates for the implementation of a value-add program. Room to grow rents is evidenced by an affluent resident base with an average household income of $145,151 and in-place rents that reflect a 15% discount to the Property’s competitive set on a PSF basis.

 

AMLI Doral represents a unique opportunity to acquire an incredibly well-located garden-style community with significant upside potential. Average in-place rents of $2.63 PSF, compared to average market rents of $3.09 PSF across the competitive set (a 15% discount), demonstrate significant mark-to-market potential.

...

Attributes

Number of units
352 units
Year built
2013
Occupancy
95%
Number of floors
4 floors
Number of buildings
9
Parking spaces
548
Building area net
34,599 sm
Land area net
5.91 ha

Media

Investment highlights

Significant Discount to Replacement Cost

AMLI Doral represents a unique opportunity to acquire garden-style product at a significant discount to replacement cost in a high-barrier-to-entry submarket in Miami.

 

Sizable Value-Enhancement Opportunity with Expansive Common Areas

In addition to strong property performance, AMLI Doral offers new ownership attractive upside centered around modernization of interior units (detailed on pages 14-15), amenity spaces, common areas, and overall curb appeal. Resident amenities include a resort-style swimming pool with lakeside grilling stations, two-story fitness center, resident lounge with game tables, and a dual tier clubhouse with a party room.

 

Immediate Proximity to Major Employment Hubs

AMLI Doral is proximate from the city’s largest office and industrial corridors totaling 13.9M SF and 47.2M SF, respectively.

 

Superior Highway Connectivity

Adjacent to the Florida turnpike, providing quick and easy access to major employment hubs including:

  • Miami International Airport – 15-minute drive
  • Coral Gables – 14.7M SF of Office – 25-minute drive
  • Downtown Miami & Brickell – 24M SF of Office – 20-minute drive


Top-Rated Schools Within a 5-Mile Radius

17 A-rated schools are within a 5-mile radius of the Property including Pinecrest Academy, Doral Academy and the Downtown Doral Charter Schools.

 

Ideal Suburban Location Attracting a Higher Income Demographic

AMLI Doral boasts an affluent resident profile with annual household incomes averaging $145,151 (a ~23% rent-to-income ratio), providing further support for an incoming investor to increase rents through the implementation of a value-add program.

AMLI Doral 4_Property for Sale
AMLI Doral 4_Property for Sale

Contact brokers

AMLI Doral (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Mar 27, 2024