Description

Jones Lang LaSalle Inc. (JLL) is pleased to present The Ansley, a 225-unit community built in 1988 in North Jacksonville's rapidly-growing Airport submarket. With significant exterior capital improvements complete, the Property offers substantial upside through comprehensive interior upgrades in one of the top-performing Sunbelt markets.

Current ownership has invested approximately $900,000 in exterior improvements, including full roof replacement (2021), complete repaint (2022), and the parking lot has been repaired, resealed and restriped. The Property now requires interior upgrades to maximize value.

The Ansley features a desirable mix of one-, two-, and three-bedroom units (604-1,500 SF) appealing to families and professionals. All 225 units are upgrade candidates. The recommended renovation scope—luxury vinyl plank flooring, upgraded appliances, new cabinets, backsplash, countertops, and fixtures—should command $125-175/unit/month premiums based on comparable properties.

Bolstering the Property’s future performance potential is its dynamic location on the Northside near the intersection of I-95 and the I-295 Beltway, allowing residents convenient access to Jacksonville’s main employment centers, multiple medical facilities and retail nodes. The Northside is anchored by the Jacksonville International Airport and JAXPORT’s Blount Island Terminal, two major area employers that have helped cement the Northside as Jacksonville’s main logistics and e-commerce hub. Additionally, UF Health North is located just 10 minutes north of the Property and recently expanded to 168 beds. Adjacent to UF Health North is the North Jacksonville VA Hospital, which includes a 173,000 SF outpatient clinic as well as an overnight facility. Also located minutes from The Ansley is the 1 million square foot River City Marketplace, one of the three regionally-dominant open-air lifestyle centers in the Jacksonville MSA. Outside of North Jacksonville, The Ansley is just a 15-minute commute to Downtown Jacksonville and its ±60,000 jobs.

The Ansley represents a prime opportunity to acquire a well-located asset with proven upside potential following strategic value-add renovations.

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Attributes

Number of units

225

Year built

1988

Media

Investment Highlights

DYNAMIC LOCATION

The Property is located less than 5 miles from the market-dominant Airport submarket of Jacksonville. The Airport submarket boasts millions of square feet of jobs, multiple medical providers, Jacksonville International Airport as well as the regionally-dominant River City Marketplace lifestyle center.

INCREDIBLE VALUE-ADD POTENTIAL

All 225 units are candidates for comprehensive value-add renovations, as previous upgrades were only partial. A full upgrade program including luxury vinyl plank flooring, new cabinets, solid-surface counters, upgraded appliances, and fixtures should command a $125-$175/unit/month rent premium.

LACK OF DEFERRED MAINTENANCE

The current owners have spent over $900,000 on exterior repairs and upgrades. All roofs at The Ansley were replaced in 2021, the entire Property was repainted in 2022 and the parking lot was resealed in June 2026.