Well-maintained with new PVC roof in 2009, copper plumbing, double-paned vinyl windows

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1 BALLARD 5 LOCATION: 1727 NW 57th St, Seattle WA TOTAL UNITS: 5 BUILT: 199 SQUARE FEET: 4,003 Net Rentable PRICE: $1,495,000 COST PER UNIT: $299,000 COST PER FOOT: $ Net Rentable (800 Avg SqFt) AVG RENT/SQFT: $1.29 CURRENT GRM/CAP: 24.0/2.% (2% Vacancy) MARKET GRM/CAP: 14.5/4.7% (3% Vacancy) EXPENSE PER UNIT: $4,408/Year TERMS: Seller Financing with $500k down, 4% Interest 5-10 year cash out HIGHLIGHTS: Well-maintained with new PVC roof in 2009, copper plumbing, double-paned vinyl windows Located in Ballard HUB Urban Village NC3-5 Zoning Offers on-site parking, common laundry and private decks/patios, potential to add unit

2 Ballard s blossoming culture makes it one of the most distinguished neighborhoods in Seattle. In recent years, new development in the area is attracting a younger tenant profile to Ballard that s been attracted by the community s energetic nightlife, award winning restaurants, quality of life, retail amenities, and close vicinity to downtown Seattle. LOCATION Ballard is also home to some of Seattle s best waterfront attractions such as the Ballard locks, Salmon Bay Marina, Shilshole Bay Marina and the beautiful beachfront Golden Gardens Park which has some of the most spectacular views of the Puget Sound and Olympic Mountain range. The property is a stone s throw from Ballard s historic downtown area which consists of fine dining, charming storefronts, live music and offers a pedestrian friendly environment. The Ballard 5 boasts a walkscore of 9, which is considered a walker s paradise. It s blocks away from popular places such as Mighty-O Donuts, Palermo Pizza, Kangaroo & Kiwi Pub, Stoneburner, Macleod s Scottish Pub, Bastille Café and Bar, Volterra and many more! In addition to several restaurants and bars close by, there is a Quality Food Center (QFC), Safeway grocer, Ballard Commons Park, U.S. Post Office, Swedish Medical Hospital, the new Ballard Public Library and the ever so popular Ballard Sunday Farmers Market, all within walking distance of the property. The Ballard 5 s location offers renters easy access to Downtown Seattle through major transportation routes by car or bus. This location appeals to young working professionals that work for companies such as Tableau, Amazon, Microsoft, Google, Facebook and soon to be Expedia Headquarters which will host 4,500 employees. Seattle is one of the top five fastest growing big cities in the country. In 2015, 21,900 people moved into the city and 13,500 new units were added to King County alone. With the immense job growth, Seattle has proven to be one of the most popular places to be and live, especially the Ballard area. IMPROVEMENTS Built in 199, the Ballard 5 is a three-story wood framed building with a low maintenance marblecrete finish. The Ballard 5 consists of five spacious apartments including three, one-bedroom/one-bath units and two large two-bedroom/two-bath units. It has been recently upgraded with brand new double-pane vinyl windows and French sliding doors that were installed in 2015, and new PVC-membrane roof in The building also features copper plumbing, individual decks and/or patios, welldesigned floor plans, secured lobby with intercom system, six personal storage lockers, and a coin operated laundry room. There are five parking spaces (10 tandem) parking spaces for tenants convenience. The property is located in the Ballard Hub Urban Village and attractively zoned NC3-5. This is a high density zoning which allows a new investor the option to build a multitude of different things such as micro-housing, apartments, townhomes or commercial/retail. The Ballard 5 offers an investor a rare opportunity to own a well located building with immediate rental upside. FINANCING The owner desires to carry financing for a qualified buyer. The owner is offering terms at 4% interest, $500,000 down payment amortized over 30 years with a cash out period between 5 to 10 years from closing.

3 Green Lake AERIAL MAP Wallingford N 85th Street Fremont Seattle CBD Queen Anne ven th A ue N W 15 Ballard Ballard 5 Loyal Heights

4 BALLARD, WASHINGTON

5 UNIT PHOTOS

6 FLOOR PLANS Unit 4 Unit 5 Third Level Unit 2 Unit 3 Second Level Potential New Unit Unit 1 First Level

7 APARTMENTS INVESTMENT BROKERAGE One Union Square 00 University Street Suite T F OPERATING INFORMATION BALLARD NW 57TH ST SEATTLE, WA Seller Financing Available Possible to add a unit Units 5 Year Built 199 Rentable Area 4,003 Down Payment $500,000 30% Loan Amount $995,000 70% Interest Rate 4.00% Seller Financing Amortization 30 Years Lot Size 5,000 Sq. Ft. Price $1,495,000 Per Unit $299,000 Per Sq. Ft. $ Current GRM Current CAP 2.1% Market GRM 14.4 Market CAP 4.70% MONTHLY SCHEDULED INCOME # OF UNITS TYPE SIZE CURRENT RENT MONTHLY INCOME MARKET RENT MONTHLY INCOME 2 1 BD/1 Bth 2 $750 - $950 $1,700 $1,35 $2, BD/1 Bth 770 $850 $850 $1,00 $1, BD/1 Bth 954 $1,300 $2,00 $1,908 $3, BD/1 Bth 2 $1,500 Averages 800 $1.29 $2.03 Monthly Scheduled Rent $5,150 $8,11 Laundry $44 $100 Parking (3 Carports) $300 Other $100 Total Monthly Income $5,194 $8,1 ANNUALIZED OPERATING DATA CURRENT MARKET Scheduled Gross Income $2,331 $103,392 Less Vacancy 2.00% $1, % $3,102 Gross Operating Income $1,084 $100,290 Less Expenses $22,042 $30,091 Net Operating Income $39,042 $70,199 Annual Debt Service $4,750.28/mo $57,003 $57,003 Cash Flow Before Tax (-3.59%) ($17,91) 2.4% $13,19 Principal Reduction $17,522 $17,522 Total Return before Tax (-0.09%) ($439).14% $30,178 ANNUALIZED OPERATING EXPENSES CURRENT MARKET Real Estate Taxes $7,945 $12,000 CURRENT OPERATIONS Insurance Utilities On-Site Management Maintenance & Repairs Proforma $2,773 $8,141 $3,000 $1,500 $8,141 $2,100 $3,000 Expenses per Unit $4,408 Expenses Per Foot $5.51 Percent of Gross 35.3% Turnover Landscaping Administration Reserves Total Expenses $183 $22,042 $750 $00 $500 $1,500 $30,091 MARKET OPERATIONS Expenses per Unit $,018 Expenses Per Foot $7.52 Percent of Gross 29.10% This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

8 RENT AND SALE COMPARABLES SUBJECT PROPERTY # OF UNITS YEAR BUILT 1 BD RENT SF & RENT/SF 2 BD RENT SF & RENT/SF 3 BD RENT SF & RENT/SF Ballard NW 57th St $750 - $ /$ $1.23 $1, /$1.3 COMPARABLE PROPERTIES Un-Renovated Units The Victoria 2237 NW 59th St 195 $1,000 - $1, /$1.7 - $1.71 $1,850 1,100/$ Unit 73 24th Ave NW $1,325 25/$2.12 Renovated Units 12 Unit NW 3rd St $1, /$2.3 $2, /$2.39 Palm Court 2410 NW 57th St $1,500 50/$2.31 $2, /$2.22 SALE COMPARABLES # OF UNITS YEAR PRICE PRICE PER UNIT PRICE PER SQFT GRM CAP CLOSING DATE Ballard NW 57th St $1,495,000 $299,000 $ (Market) 4.7% (Market) TBD COMPARABLE PROPERTIES The Victoria 2237 NW 59th St 195 $1,505,000 $250,833 $ % Unit th Ave NW 1957 $1,550,000 $258,333 $ % Ballard Unit 221 NW 59th St 199 $1,35,000 $272,500 $ % Heights th Ave NW 197 $1,425,000 $237,833 $ % APARTMENTS INVESTMENT BROKERAGE One Union Square 00 University Street Suite T F This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.