Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Year Built 1990
Building Area
Number of units 420

Property Description

JLL is pleased to present the opportunity to acquire Montego Bay Apartment Homes (the “Property”), a 420-unit luxury garden apartment community located in desirable Henderson, Nevada. Constructed in two phases in 1989 and 1992, Montego Bay offers residents expansive one, two, and three bedroom floor plans averaging 1,022 square feet in size. The Property is richly amenitized, featuring a recently completed resort-style swimming pool and spa area, two additional pool areas, a contemporary clubhouse, a fully-equipped fitness center, and dog park. Montego Bay has achieved sizable rent premiums through unit interior and common area renovations, with a significant share of the remaining units in classic, untouched condition, offering investors the opportunity to capture additional value by continuing or improving upon the renovation strategy implemented by the current owner.


Montego Bay enjoys a prime Henderson location within the Whitney Ranch master-planned community. Residents benefit from the community’s outstanding schools and the diverse retail outlets just a few minutes away. The Property has immediate access to the full diamond interchange of I-515/US-95/US-93 at Russell Road, providing residents with quick, convenient access to the world famous Las Vegas Strip and the greater Las Vegas Valley. The Property’s infill location offers favorable supply/demand fundamentals with the submarket projected to outperform the neighboring areas.

Investment Highlights

  • Value Add Opportunity
  • Dynamic, Growing Amenity Base
  • Strong Demographic Fundamentals
  • Expanding Development


Last Updated Date: 24 Mar 2021
John Cunningham
John P. Cunningham
Managing Director, Capital Markets
Charles Steele
Charles Steele
Managing Director, Capital Markets

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+63282312281
Last Updated Date: 24 Mar 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.