Built in 1972, Bloomfield Lakes containing 28 units and consists of three buildings that are each two stories. The property contains a desirable unit mix of 14 one-bedroom units (650 ft.2) with a rental rate of $600 and 14 two-bedroom units (800 ft.2) with a rental rate of $700. Notable for investors is the current occupancy, which is at 97%. Bloomfield Lakes is outfitted with a tenant-paid electric baseboard heating system and separately metered for all electricity. All kitchens, roofs and a majority of the bathrooms have been updated.