Elmwood Gardens is a thirty-four (34) unit residential garden apartment complex located at 30 Elm Street, Morristown, New Jersey (the “Property”). The complex is situated on impeccably landscaped grounds with thirty-six (36) on-site parking spaces. The Property is ideally located within walking distance to the NJ Transit train station (direct service to Manhattan), exclusive South Street shopping and restaurants, as well as the Town Square (i.e. “The Green”). The building is comprised of a mix of seventeen (17) studio units; eleven (11) one-bedroom units; and six (6) two-bedroom units. It is extremely well-maintained with the majority of the kitchens recently renovated. All common areas (foyer & hallways) have been renovated by a professional interior designer. The Property is monitored by state-of-the-art closed-circuit security cameras to provide our residents with the comfort of 24/7 surveillance. The heat (central boiler – hot water system), water, sewer, and cooking gas are paid for by the Property. The Tenant pays for its own electricity, which is separately metered.