B A L L A R DF I V E U N I T

BALLARD FIVE UNIT

SEATTLE CBD

UW

QUEEN ANNE

BALLARD

GREEN LAKE

FREMONTMAGNOLIAINTERBAY

PHINNEY RIDGE

WALLINGFORD

CROWN HILL

Paragon Real Estate Advisors is pleased to exclusively offer for sale the Ballard Five Unit, a well-maintained building located in one of Seattle’s most desirable rental markets. With a Walk Score of 98, tenants have the luxury of walking to some of Seattle’s most popular restaurants, pubs, breweries, and parks. The convenient location also offers quick access to the city’s employment hubs and most popular neighborhood destinations.

additional add value components. Minor cosmetic touches to the already clean and spacious units can substantially push up rents. Five tandem off-street parking spaces are available for tenants.

NAME Ballard Five Unit

ADDRESS

TOTAL UNITS

BUILT

SQUARE FEET

PRICE

PRICE PER UNIT

PRICE PER FOOT

CURRENT GRM/CAP

MARKET GRM/CAP

LOT SIZE

ZONING

O F F E R I N G

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 all information and bears all risk for inaccuracies.

Well laid out, spacious units

Five storage lockers

Five tandem parking stalls

One block off the Greenwood retail strip

B A L L A R DF I V E U N I T

I N V E S T M E N T H I G H L I G H T S

Ballard is a historic and hip little town located in the northwest region of Seattle. Ballard’s thriving waterfront and blossoming culture makes it one of the most distinguished neighborhoods in Seattle. Once upon a time, Ballard was its own city—a blue-collar, maritime-centric enclave bustling

many of Scandinavian descent. While the historic neighborhood maintains its working waterfront, a lineup of trendy bars, shops, and restaurants, plus a pedestrian-friendly layout, have helped it transform into one of the city’s popular hot spots for visitors and locals alike.

has been attracted to Ballard through new development, the community’s energetic nightlife, award winning restaurants, quality of life, retail amenities, and close vicinity to

rich history, small-town charm, dynamic waterfront and close proximity to Seattle’s most popular neighborhoods make it a prime location to live, work and play.

Residents have immediate access to everything that makes Ballard such a desirable neighborhood including Ballard’s

dining, charming storefronts, live music and offers a pedestrian friendly environment.

more. In addition to several restaurants and

recreational destinations such as the Ballard Sunday Farmers Market, the Ballard locks, Salmon Bay Marina, Shilshole Bay Marina and the beautiful beach front Golden Gardens Park which overlooks the majestic Olympic Mountains, providing a year-round oasis for

B A L L A R D

M A J O R E M P L O Y E R S - C E N T R A L B U S I N E S S D I S T R I C T

M A J O R E M P L O Y E R S - S O U T H L A K E U N I O N

B U I L D I N G P H O T O S

U N I T P H O T O S

U N I T P H O T O S

Unit Breakdown

UNIT

TYPE

APPROXIMATE

UNIT SIZE

CURRENT

RENT

CURRENT

RENT/SQ.FT.

MARKET

RENT

MARKET

RENT/SQ.FT.

4

Totals/Avg 718 Sq.Ft. $1,410 $1.97 $1,859 $2.60

B A L L A R DF I V E U N I T

MONTHLY SCHEDULED INCOME CURRENT MARKET

Gross Potential Rent $7,050 $9,295

Utility Bill Back

Parking

Storage Income

Other Income

Gross Potential Income $7,563 $10,233

CURRENT MARKET

Scheduled Gross Income $90,756 $122,796

Less Vacancy

Gross Operating Income

Less Expenses

Net Operating Income $60,958 $90,164

Cash Flow Before Tax 0.64% $4,241 5.07% $33,447

Principal Reduction

Total Return Before Tax 3.28% $21,676 7.71% $50,882

Real Estate Taxes

Insurance

Utilities

Landscaping

Reserves Proforma

Total Expenses $25,260 $26,492

UNITS UNIT TYPE SIZE CURRENT RENT MARKET RENT

4

5 Total/Avg 718 $1.97 $2.60

Units

Year Built

Rentable Area

Loan Amount

Interest Rate

Price

Per Unit

Per Sq. Ft.

Per Lot Sq. Ft.

Market GRM

Percent of Gross

CUR

RE

NT

MA

RK

ET

Percent of Gross

ANNUALIZED OPERATING EXPENSES

ANNUALIZED OPERATING DATA

Income and Expenses

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2

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4

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6

Ballard Five Unit

B A L L A R DF I V E U N I T

3612 Whitman Ave N

7

1

2

3

4

Price:

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5

7

6

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UnknownTotal Units:

Built:

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Built:

Price:

Total Units:

Built:

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Total Units:

Built:

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Total Units:

Built:

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Built:

Property Unit Type Sq Ft Rent $/SF

2

Ballard Five Unit

Sunset Plaza Apts

3

R E N T C O M P A R A B L E S

4

5

6

1

1

2

3

4

5

6

B A L L A R DF I V E U N I T

@ParagonREA.com

www.ParagonREA.com

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 all information and bears all risk for inaccuracies.