Lux off Washington has 42 units, 40 studio units. 1 one-bedroom and one-bath unit and 1 two-bedroom and one-bath unit. These unit types are each measuring 220-250, 368, and 1,050 square feet, respectively. The property was built in 1960. Currently, Lux off Washington is operating at 100% physical occupancy and has maintained this level of performance in recent months, requiring only minimal management oversight from ownership. IPO has projected an NOI going forward of $266,079 based on average street rents and T-3 expenses. The current street rent across the units is $845. However, when the complex is brought up to market, average rent increases to $896.