Turnkey Asset Priced Below Replacement Cost: This garden-style property, originally built in 1983, underwent meticulous renovations in 2024, transforming it into a brand new multifamily community with high-quality interior finishes and abundant community amenities.

Compelling Pricing: Indigo offers a strong value proposition with significant rent growth potential; market rents are projected to increase 12% over current rates.

Significant Capital Improvements: Ownership invested over $3 million in capital improvements, remodeling all unit interiors; enhancements include restriping and resealing the parking lot, a complete remodel of the clubhouse and business office, upgrading electrical and plumbing systems, installing new gas boilers, and enhancing fire protection measures.

High-End Amenities Offer Competitive Advantage: Spanning nearly three acres, this low-density property boasts highly attractive community amenities, such as a clubhouse with a coffee bar and entertainment center, leasing office, fitness center, gated entryway, and community laundry facilities; luxury apartment features include air conditioning, energy-efficient stainless-steel appliances, private patios, wood-style flooring, and modern lighting and fixtures.

Ideal Unit Mix with Tremendous Upside: The property consists of 74 studios, 16 one-bedroom units, and a spacious two-bedroom unit, offering high rents per square foot and the opportunity to increase net operating income by 15% with minimal expense adjustments and by aligning rents with market rates.

Prime Location: Tacoma provides a robust rental market and exceptional quality of life, supported by a diverse economy in healthcare, education, trade and transportation, and military defense; located just off Interstate 5, Indigo offers easy connectivity to employment hubs, outdoor activities, Lakewood Towne Center, and school systems.

Bus and Light Rail Service: Indigo is an 8-minute drive from Hilltop Station, less than 6 miles from the planned St. Joseph  Light Rail station, and 0.1 miles from Bus Line 55, which services Parkland, Lakewood, and Downtown Tacoma.