AMLI at Inverness_Property for Sale
AMLI at Inverness_Property for Sale
10200 East Dry Creek Road 10200 East Dry Creek Rd, Englewood, CO, 80112, US

AMLI at Inverness

Asset Description

JLL is pleased to present the exclusive offering of AMLI at Inverness, a 309-unit multi-housing community, completed in 2009 and located in Englewood, Colorado, one of Denver’s most desirable southeast suburbs. 


AMLI at Inverness represents a true core-plus opportunity for a new owner to purchase a well-located, high-quality asset with significant upside potential through the continuation of a proven renovation program. Current ownership has completed moderate upgrades to common area spaces as well as interior upgrades to 96 units (31%). These improvements have included the following:


  • New cabinet fronts
  • Modern lighting package
  • Stainless steel appliances
  • Quartz countertops
  • Upgraded plumbing fixtures
  • Subway tile backsplash
  •  New baseboards
  • Vinyl plank flooring
  • New bathroom vanities

Monthly rental premiums have averaged approximately $175 over classic units, presenting a compelling opportunity for a new owner to complete a comprehensive renovation across the majority of the property.


Situated in the heart of Colorado’s largest employment hub, the Southeast Business Corridor, residents of AMLI at Inverness benefit from immediate access to more than 30,000 jobs surrounding the property and over 240,000 high-quality jobs spread across a diverse mix of industry-leading companies such as Arrow Electronics, Charles Schwab, CoBank, Oracle, and ULA. Area demographics are amongst the strongest in metro Denver with average household income in a 3-mile radius in excess of $167,000+, representing a deep pool of affluent renters in the surrounding neighborhoods. The property also sits in the highly desirable Cherry Creek School district, giving it an advantage when compared to many comps in the area.  


AMLI at Inverness is also located within walking distance from the Dry Creek Light Rail Station and less than a five minute drive from both I-25 and C-470, providing increased connectivity to the greater Metro Denver area while remaining proximate to a host of amenities including Colorado’s largest premier shopping destination, Park Meadows Mall, local grocers, outdoor music venues, a diverse mix of highly sought-after restaurant and retail options. 


AMLI at Inverness offers a unique opportunity to acquire a high-quality, sustainable asset with attractive upside potential. Coupled with strong resident demand for well-located suburban assets, AMLI at Inverness is well-positioned to achieve strong growth for the foreseeable future.


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Attributes

Number of units
309 units
Occupancy
95.00%
Year built
2009
Building area Net
27,825 m²
NOI
SEK 61,183,000

Media

Investment Highlights

  • Attractive Renovation Potential
  • Top Performing Suburban Submarket
  • Access to Denver's Largest Employment Hub
  • Strong Area Demographics



Contact brokers

AMLI at Inverness (0 Properties)

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Last updated
21 Feb 2023