Autumn Park
6350 SW 124th Avenue, Beaverton, OR, 97008, US
29 units
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present The Ansley, a 1988-built, 225-unit community located in the rapidly growing North Jacksonville/Airport submarket. The Property has undergone recent capital improvements and offers the potential for interior upgrades. With a strong leasing trend, strategic location, and favorable financing, The Ansley is a prime opportunity to own a high-quality asset in a top-performing market.
The current ownership has made substantial capital investments at the Property including roof replacements, full repaint, and parking lot repairs totaling approximately $900,000.
A comprehensive interior renovation plan offers the potential for premium rents. All 225 units at The Ansley are candidates for upgrades, which would include luxury vinyl plank flooring, upgraded appliances, cabinet doors, backsplash, solid-surface counters, and new fixtures throughout, with a projected premium of $150-175 per unit based on nearby comparables.
The Property's recent lease trend shows rent growth without renovations, indicating organic mark-to-market growth. The 90-day leasing trend average is 7% above the current in-place average.
Bolstering the Property’s future performance potential is its desirable location on the Northside near the intersection of I-95 and the I-295 Beltway, allowing residents convenient access to one of Jacksonville’s main employment, medical and retail nodes. In particular, the Airport submarket (4 miles north of The Ansley) is home to the over 1 million square feet River City Marketplace, UF Health and the new VA Hospital, Jacksonville International Airport and Jacksonville International Tradeport.
The Ansley has an in-place financing option with a fully assumable, 5-year Fannie Mae loan at a 5.48% interest rate. The loan is interest-only through July 2025, allowing investors to focus on increasing cash flow and yield.
Overall, The Ansley offers investors a prime opportunity to acquire a high-quality asset with future upside potential.
Location Dominance
INCREDIBLE VALUE-ADD POTENTIAL
REMARKABLE LEASING TREND
LACK OF DEFERRED MAINTENANCE