Investment Highlights
Montego Bay residents enjoy direct access to major transportation corridors including Interstate-215 and Interstate-515 which are readily accessible from Russell Ave. just north of the Property. Just one exit down the I-215 is the $1.2B Union Village which will be one of the nation’s first integrated health villages. This mixed-use development will be anchored by a 214-bed Valley hospital and senior retirement community. The 228-acre lot is located at I-215 and Galleria Drive and is expected to generate 17,000 jobs. Construction on the project broke ground in October 2014 and is expected to take four to eight years to complete.
The primary business plan for Montego Bay is to renovate the property’s unit interiors and make strategic, accretive common-area amenity upgrades. The interior rehab scope will be moderate while exterior improvements will include renovations to the clubhouse, fitness center, pool areas, exterior fencing and the creation of a secondary dog park. Additional aesthetic improvements will include a comprehensive exterior repaint, quality landscaping, and an attractive signage package.
Property Highlights
A 420-unit property situated in the coveted Southeast submarket of the Las Vegas MSA. Montego Bay is a low density, garden-style community (18 units per acre) with an excellent parking ratio (1.90 parking spaces per unit). Montego Bay residents enjoy direct access to major transportation corridors including I-215 and I-515 which are readily accessible from Russell Avenue, just north of the property. Just one exit down the I-215 is the $1.2B Union Village which will be one of the nation’s first integrated health villages. This mixed-use development will be anchored by a 214-bed valley hospital and senior retirement community. This 228-acre lot is located at I-215 and Galleria Drive and is expected to generate 17,000 jobs. Construction on the project broke ground in October 2014 and is expected to take four to eight years to complete. Unit amenities include in-home washer/dryer, vinyl flooring, stylish glass block windows, ceiling fans, private patio/balcony, walk-in closet, mirrored wardrobe doors, and fireplace.
Amenities
