Remar Apartments are located in Roseville, a friendly community within walking distance to shopping, banks, parks, and a great school district. The complex was built in 2003 and has been well-maintained over the years. It contains 8 apartment homes: 8 two-bedroom, one-bath units, each measuring 860 square feet. Remar 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 asset. IPO has projected an NOI going forward of $74,402 based on street rents and the 2024 P&L. However, in year two, when the complex is brought up to market, the NOI increases to $77,741.