THE WATERLINE APARTMENTS
Cumberland Holdings acquired Grand Avenue Apartments on December 14, 2021. Grand Avenue is a 6-story luxury midrise building built in 2015 with 220 apartment units and 40,000 square feet of commercial.
Grand Avenue is located in downtown Everett, WA. The property has two levels of underground parking, secured access, a roof deck, fitness center, clubhouse, full-size washer and dryers, and some of the best views in the submarket. Grand Avenue has a 92 Walk Score (Walker’s Paradise) and is also proximate to Boeing’s Everett Factory, Naval Station Everett, & Providence Regional Medical Center.
FPI Management will provide third-party property management services.
Property website: https://www.thewaterlineapts.com/