Autumn Park
6350 SW 124th Avenue, Beaverton, OR, 97008, US
29 units
Asset description
Jones Lang LaSalle Americas, Inc. (JLL) is pleased to present The Haven of Ann Arbor (“The Property”), a 520- home garden style apartments community located in Ann Arbor, Michigan. The 95% occupied community offers spacious studio, 1 and 2 bedroom homes. The Property presents an opportunity for investors to modernize interiors through a value-add renovation program and offers various avenues for further enhancements. The Haven of Ann Arbor is situated in the highly sought-after city of Ann Arbor, providing residents with convenient access to top employers, excellent schools, leading healthcare facilities, and numerous retail options.
Nestled in a prime location, The Haven of Ann Arbor enjoys the advantages of its proximity to Ann Arbor, which is renowned as one of the best places to live in the country. With a diverse economy, a plethora of cultural and recreational amenities, and exceptional dining options, residents can enjoy a high-quality lifestyle at The Haven of Ann Arbor. Within a 10-minute drive, from one of the nations top public schools, The University of Michigan helps, attracting top students and faculty from around the world. Additionally, the world-class healthcare of the University of Michigan Health System is just 5 miles away. The Haven of Ann Arbor provides residents with soughtafter apartment features and resort-style amenities, while also offering proximity to nationally ranked schools and healthcare facilities, ensuring a high quality of life right at their fingertips.
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Attributes
Year built
1987
Units
520
Building area net
471,225 sf
Occupancy
95%
Media
Investment highlights
In-Demand Unit and Amenity Features
» Spacious Units with Large Patios & Balconies.
» An Ideal Unit Mix of Studio, 1 and 2 Bedroom Units including Loft Style
» Beautiful Expansive Grounds with Walking Trails that Further Elevates its Curb Appeal
» Welcoming Resident Clubhouse, Spacious Sundeck, Grilling Area with Outdoor Fireplace
» Current ownership has spent ~$13 million on the property in the form of exterior and interior enhancements
Fantastic Property Performance
» 95% Occupied
» Value-Add Opportunity Indicating Significant Income Upside
» ~$225 Renovation Premium
» 7% Growth on Renewals
» Rare and Highly Sought-After Ann Arbor Opportunity
Irreplaceable Ann Arbor Location
» Close Proximity to Great Universities Including University of Michigan, Eastern Michigan and Concordia University
» Less Than 5 Miles Away From University of Michigan Healthcare Systems and Trinity Health Care
» Proximity to Ann Arbor’s Other Top Employers Such As Google, Toyota and Domino’s
» Located Near the Charming Downtown Ann Arbor, Giving Easy Access to a Variety of Dining, Retail, and Cultural Activities
Robust Ann Arbor Submarket Historical & Projections
» 96%+ Projected 5-Year Avg Occupancy
» 7.2% 3-Year Historical Avg. Annual Rent % Growth
» 3.6% 3 Year Projected Avg. Annual Rent % Growth
» 0 Properties Under Construction within a 4 Miles Radius
Sought-After Demographics (1 Mile Radius)
» Affluent Area Residents Earn An Impressive $178,793 Average Household Income
» 80% of Surrounding Residents Have At Least a Bachelors Degree
» 89% of Area Residents are White Collar Workers
» 1.8% Unemployment Rate Within a 1 Mile Radius
Contact brokers
The Haven of Ann Arbor (0 Properties)
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Last updated
Nov 5, 2024
