PROPERTY Montego Bay Apartments is a 45-unit rental community located in Hialeah, Florida. The property consists of one, four-story apartment building on 3/4 of an acre lot. The property was built in 1972 of concrete block and stucco and contains 75,190 square feet of living area. The building is comprised of a fantastic unit mix of 3-, 2- and 1-bedroom floorplans, with unit sizes ranging from 700 to 1,020 square feet. Units feature private balconies, central air conditioning, ceramic tile flooring, stainless steel electric appliances, and individual water heaters. Over half of the units have been partially renovated including updated kitchen/bathroom features, appliances and vinyl flooring. Community amenities include a laundry facility (owned by Seller), fitness center, elevator and onsite parking. As a potential upside, the building has three common areas that can be converted into apartments upon the appropriate City of Hialeah approvals. The city of Hialeah is the 2nd largest city in South Florida with a population over 223,000 residents. The city is considered one of the strongest rental markets in the State of Florida. With its centralized location within Miami-Dade County, this highly dense community has one of the highest annual occupancy rates in the County and has minimal apartment turnover. LOCATION Montego Bay Apartments is located a few minutes East of the Palmetto Expressway (826) and North of 49th Street. Nearby points include Sparks Park, Westland Mall, and McDonald Water Park. Additionally, just a short drive from the property is Amelia Earhart Park, Hialeah Park Casino, Miami-Opa Locka Executive Airport and Miami International Airport. Nearby educational facilities include Palm Lakes Elementary School (0.5 miles), Miami Lakes Middle School (1.8 miles), and Hialeah-Miami Lakes Senior High School (0.2 miles). SUMMARY Montego Bay Apartments is being offered for sale at $14,625,000 or $325,000 per unit.