PRICE REDUCTION This complex boasts an attractive mix of studio, one-bedroom, and two-bedroom apartment homes ranging in size from 513 to 725 square feet. Parchment Manor was built in 1914 & 1936 and has been well maintained over the years. Currently, Parchment Manor is operating at 92.7% physical occupancy and has maintained this level of performance for many years, requiring only minimal management oversight from ownership. IPO has projected an NOI going forward of $192,406 based on street rents and the T-12 April 2024 – March 2025 Profit & Loss schedule. However, in year two, when the complex is brought up to market, the NOI increases to $207,463.