2820 Rucker Ave
About
Prime downtown Everett location in a rapidly upzoning corridor, steps from future transit, services, and new development. The property is anchored by Pawsome Park and Lodge, a popular local tenant driving strong daily foot traffic and community engagement. It operates under a 10-year triple net lease where the tenant covers all taxes, insurance, and repairs, with rent escalating from $12,500/month to $25,000/month within two years. Surrounded by a mix of local businesses and residential growth, the asset offers stable income today with meaningful upside as the area densifies. Zoned high-density Mixed Urban (MU-15/Center City), the site supports potential future redevelopment up to 15–25 stories with no strict unit cap.
Property Management
Christopher Rugh listed this property and runs its day-to-day operations — tenants, upkeep, and rent collection — so shareholders never carry the landlord workload themselves.
Due Diligence Documents
Offering Details
The Market
Everett offers a mix of neighborhood livability, local employment, and day-to-day amenities that support long-term housing demand. Ask Lofty AI to compare this market against any other on the platform.
Property Updates
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- Property Update (09/16/2026):
As promised rent has resumed and has been deposited into the lofty account.. property management fees are deducted starting this month so payments may be slightly lower but, not by much. Pawsome Park had its soft opening a few weeks ago and Grand Opening coming in October.
Investor Reviews
N/A/5 (0 reviews)Investors haven't shared their experience with this property yet.
Frequently Asked Questions
How Lofty works+
Each property is held by its own LLC and divided into shares recorded on chain. Buy as few or as many as you like, collect rent daily, and trade on the order book anytime.
What returns can I expect, and how often are rental payments distributed to investors?+
Your share of net rent accrues every day, and appreciation is realized when you sell. Every listing shows its projected yield and full expense breakdown.
How does leverage work?+
Some properties carry a loan. Debt boosts cash-on-cash returns when rents outrun the payment — and cuts the other way when they don’t. Leveraged listings show the balance in Financials.
How are property decisions made?+
Big decisions — repairs, refinancing, selling — go to a shareholder vote through the property’s governance DAO, with results executed by the managing agent.
Where can I communicate with the other co-owners?+
Every property has an owners’ discussion space where co-owners talk through upcoming votes and updates.
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