Hamilton Urban Multifamily Fund has closed on Delta Apartments, which it is rebranding The Townhomes at Melody Hill. This 36-unit, multifamily value-add community is located north of Seattle in the city of Mountlake Terrace. Renovations have just begun and will include updates to apartment interiors along with exterior work to improve curb appeal. The property boasts a desirable townhouse floor plan that lives more like a house than an apartment and we expect the updated product will be well received in the market.
Ther will be significant updates to the kitchens and baths. A wall separating the kitchens from the living rooms will be partially opened up to create better connection between the spaces. The kitchens and bathrooms will be fully rehabbed, including all new cabinetry, stainless appliances, quartz countertops, and fixtures. New fixtures and flooring will help to bring a more contemporary feel to the homes.