This property boasts of 5 two-bedroom and one & one-half bath townhomes, each measuring 1,200 square feet. The Airport Road Apartments was built in 1971 and has been well maintained over the years with landscaping. Currently the Airport Road Apartments is operating at 100% physical occupancy and has maintained this level of performance for many years, requiring only minimal management oversight from ownership. Even more impressive than this asset’s occupancy is the location of the assets. IPO has projected an NOI going forward of $44,629 based on street rents and 2023 Profit & Loss schedule. However, in year two when the complex is brought up to market, the NOI increases to $52,054.