Willow Street Apartments consists of 12 units: 1 one-bedroom, one-bath unit, measuring 800 square feet, and 11 two-bedroom, one-and-one-half-bath units, each measuring 1,000 square feet. The complex is currently 100% occupied. Willow Street Apartments offers affordable, quiet living with a community feel. IPO has projected a Year 1 NOI of $95,905 based on street rents, while accounting for a vacancy factor consistent with historical trends. This NOI also includes a market-rate management fee of 5%, a $200 replacement reserve, and operational expenses that are consistent with the historical trends and market averages.