THE INVESTMENT: Netherwood Flats is a rare-to-market, 73-unit, transit oriented, multifamily investment property situated in the highly sought-after Netherwood Section of Plainfield, NJ. 100% MARKET-RATE UNIT MIX: Netherwood Flats has an ideal composition of 100% market-rate apartments, averaging 1,027 SF, including 31 one-bedroom and 39 two-bedroom two-bathroom layouts along with three leased ground-floor commercial spaces. ASSET QUALITY: Netherwood Flats was built to own—superior finishes, community amenities, and predominantly two-bedroom units will allow an investor to capture maximum rental upside without capital expenditure. MAXIMIZING REVENUE: Future ownership has the opportunity to implement reimbursement programs for water and sewer, storage lockers, as well as an amenity fee, offering substantial upside that can be achieved in year one. AMENITY PACKAGE: Full suite of indoor and outdoor amenities, including a resident lobby lounge, private outdoor terrace with grill stations and fire pits, fitness center, mailroom, and covered garage parking. Units feature stainless steel appliances, central heating and AC, in-unit washer/dryers, and hardwood floors.