This property boasts of 24 one-bedroom and one-bath apartment homes, each measuring 700 square feet, and 8 two-bedroom and one-bath apartment homes, each measuring 800 square feet. The Gardens Apartments was built in 1974 and completely rehabbed in 2023. Currently, The Gardens Apartments is operating at 96.9% physical occupancy. Even more impressive than this asset’s occupancy is the condition of the asset. IPO has projected an NOI going forward of $259,510 based on street rents and 2024 Profit & Loss schedule. However, in year two when the complex is brought up to market, the NOI increases to $281,590.