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
- Property Update (07/02/2026):
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Owner-proposed Governance Results for 2820 Rucker Ave:
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The governance results are back for the most recent governance votes.
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The winning vote is:
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Option 1: FOR Adoption (YES) You approve replacing the Original Operating Agreement with one integrated, lender- and title-ready Amended & Restated Operating Agreement & you authorize DAOVEST LLC (Managing Agent) to execute and certify it on behalf of DAO
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This voting option received 100% of the votes. This is a co-ownership property, which means the governance mechanism used the scaled governance calculations as opposed to the default of 1 token equals 1 vote.
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The voting results can be found on chain here or by searching the application ID: 3624048261
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The winning vote is:
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Option 1: FOR Adoption of the DAO Loan Agreement (YES) You adopt the DAO Loan Agreement authoriz ing DAOVEST LLC to obtain a cash - out refinance of up to $1,900,000 on 2820 Rucker Ave, use the proceeds to repay existing debt and fund improvements, taxes, and finishing costs, and execute all loan and closing documents needed to close without further intermediary votes within the cap.
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This voting option received 100% of the votes. This is a co-ownership property, which means the governance mechanism used the scaled governance calculations as opposed to the default of 1 token equals 1 vote.
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The voting results can be found on chain here or by searching the application ID: 3624048871
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The current operating agreement is not compliant for many lenders in WA state. Additionally, the vote seems to have been cut off and leaves out that any extra money from the re-fi will be (generally—I'm not a CPA—verify with yours) a tax-free to current owners based on their percentage of ownership.
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Investor Reviews
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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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