Welcome to the Carpenter Terrace Portfolio of 28 apartment units. The offering spans seven garden-style apartment buildings, numbers 5, 11, 12, 14, 18, 21, and 22. Tenants are responsible for their own electricity, while the landlord covers all other responsibilities. Each section of four units has its own gas boiler and hot water heater. The landlord owns 18 parking spaces, which are available for tenant use. 5-22 S Carpenter Terrace is located in a quiet residential neighborhood on the border of Bloomfield. It is surrounded by many new and upcoming development projects. The units have a history of strong occupancy performance, as the Upper Essex County Submarket is a very strong rental market. Of this portfolio offering, 4% of the units are rent-controlled and full vacancy decontrolled, while eight units do not fall under any rent control.