PROPERTY Timbercreek Apartments consists of one, two-story apartment building constructed in 1981 of concrete block and painted stucco. The building is comprised of 17,450 square feet with a unit mix of 28 two-bedroom, one-bathroom apartments and 1 one-bedroom, one bathroom apartment. The average in place rent for the 29 apartments is $2,046. Units include impact windows, central air-conditioning, tile/vinyl flooring and electric appliances. Other key features include laundry equipment (owned by Seller), which can be activated via a smartphone application, and 55 parking spaces for a parking ratio of 1.9 spaces per apartment. Further, the building was recertified (40-year-old building) in 2021. This process resulted in important upgrades including walkway waterproofing, parking lot guardrails, enhanced parking lot illumination and full compliance with structural/electrical features. The building has a leasing office that was converted into an apartment in 2024. A certificate of occupancy for this unit can be provided upon request. LOCATION Timbercreek Apartments is situated a few blocks west of Don Shula Expressway, which connects to major roadways including Palmetto Expressway (SR 874), Ronal Reagan Turnpike and South Dixie Highway (U.S. Highway 1) - via Kendall Drive. The location allows for easy access to all key destinations within the Kendall area and is a short drive to the Miami Downtown / Brickell / Miami Beach areas. SUMMARY Montego Bay Apartments is being offered for sale at $8,700,000 or $300,000 per unit.