Edmonds, WA

Investment Highlights

Brackett fits TruAmerica’s underwritten value-add strategy, as the unit interiors were never renovated by the Seller, the current leasing center is oddly configured and in need of modernization, and an obsolete and vacant daycare center lies within the community. Approximately $900,000 will be spent to transform the daycare building into a state-of-the-art community activities center, which will include a new fitness center, resident lounge, media room and game room. The quality construction of Brackett and its favorable floor plans give the property “great bones”; however, the value-add potential can only be realized with invigorated property management and a strategic, intensive capital improvements program. TruAmerica believes rent premiums are achievable by executing the aforementioned business points and stronger property management will serve as another major source of revenue.

Property Highlights

Brackett is conveniently located in close proximity to I-5 and highway 99 giving residents easy access to connect to Seattle, Everett, and the east side. Spacious one-, two-, and three-bedroom homes feature bright fully-equipped kitchens, oversized closets, a wood burning fireplace, and washer/dryer.


  • Fitness center
  • Spa, sauna, hot tub, and pool
  • Playground
  • Racquetball Court
  • Scenic walking, hiking, and jogging trail
  • On-site maintenance and management
PROPERTY CONTACT: (206) 546-0104
PROPERTY EMAIL: [email protected]
10100 Santa Monica Blvd, Suite 400
Los Angeles, CA 90067
(424) 325-2750
TruAmerica Multifamily is a Los Angeles-based investment firm focused on acquiring, renovating, and managing multifamily housing throughout the United States.
Copyright © 2024 TruAmerica Multifamily. All Rights Reserved. Site by Connect Creative.
cross linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram