Hampton Court A P A R T M E N T S

Hampton Court A P A R T M E N T S

BALLARD QUEEN ANNE CAPITOL HILL ELLIOTT BAY SEATTLE CBD WATER TAXI ALKI BEACH STADIUM DISTRICT CALIFORNIA AVE SW WEST SEATTLE WEST SEATTLE GOLF COURSE WEST SEATTLE BRIDGE

OFFERING Paragon Real Estate Advisors is pleased to exclusively offer for sale the Hampton Court Apartments, a well located 6-unit apartment building in the very walkable and amenity rich West Seattle neighborhood. The building was constructed in 1990 and offers a nice mix of one-bedroom and two-bedroom units with open and spacious floor plans. The apartments boasts full appliance packages and separate utility rooms with washers/dryers. The Hampton Court Apartments offers great walkability to neighborhood amenities and quick access to the tech employment centers of South Lake Union and Downtown Seattle. West Seattle s vibrant Alaska Junction (known locally as the Junction ) is home to over 150 businesses including a mix of old and new favorites for shopping, dining, entertainment and services. Its location in the heart of West Seattle s urban village offers residents easy access to the Metro Rapid Ride Transit Hub which connects West Seattle to employment centers in Downtown Seattle and South Lake Union. This area will also be home to West Seattle s light rail station slated to be built just to the north. NAME Hampton Court Apartments ADDRESS 5417 Fauntleroy Way SW, Seattle WA 98136 TOTAL UNITS 6 BUILT 1990 SQUARE FEET 4,800 Total Net Rentable PRICE $1,900,000 PRICE PER UNIT $316,667 PRICE PER FOOT $395.83 CURRENT GRM/CAP 16.8/4.0% LOT SIZE ZONING 6,000 Square Feet LR1 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.

INVESTMENT HIGHLIGHTS West Seattle s A+ location Rapid Ride C line, Future Light Rail location and direct access to employment centers 1990 construction with low maintenance features Modern systems including copper plumbing and fire sprinkler system Value add potential with significant rental upside Garden/patio area for residents Washer and dryer in each unit Off-street parking for residents Composition roof and individual breaker system Hampton Court A P A R T M E N T S

LOCATION HIGHLIGHTS West Seattle is one of the only neighborhoods you don t have to drive through to get to another neighborhood. It s located along the peninsula just West of downtown Seattle. It provides a quick 10 minute drive time to downtown Seattle during non-commuter times which makes it an attractive place to live, play, and work with quick access to Seahawks Century Link Stadium and Mariners Safeco Field. West Seattle residents can get to downtown by car, bike, Metro s Rapid Ride C-line, West Seattle s passenger ferry as well as the future light rail service. West Seattle is the number one neighborhood in the United States searched by Silicon Valley residents looking to relocate. POPULATION 57,982 Located near West Seattle s shopping Mecca at Alaska Junction Easy access to local transit options via Metro Transit and Link Light Rail Walk to restaurants, cafés, and shopping Easy access to the West Seattle Bridge and CBD Close to many of West Seattle s parks and outdoor recreational areas MEDIAN INCOME $92,837 COMMUTE TO DOWNTOWN 12 Minutes

WEST SEATTLE West Seattle is one of Seattle s core residential neighborhoods and is currently ranked among the top neighborhoods in the United States to be searched by Silicon Valley residents looking to relocate. Known as the birthplace of Seattle this charming area provides a relatively quick commute to Seattle s Central Business District. It is known for its natural beauty and waterfront beach community feel. It is home to two of Seattle s largest waterfront parks, Lincoln Park, a 135-acre waterfront park with walking and bike trails, a saltwater pool, picnic and play areas, beach access, and Alki Beach Park, which is a 2.5 mile beach with sandy beaches, beach volleyball courts, bike and jogging lanes and many restaurants, pubs and many yearly events for everyone to enjoy. For entertainment and services, the both the Alaska Junction and Morgan Junction retail areas are located mere blocks away. Shopping, dining, drinking, concert going, coffee sipping, wine tasting, and farmers-markets make this area the retail core of the neighborhood. On top of community events like art walks, seasonal festivals, open mic nights, and outdoor movie nights ensure the area is enjoyed by locals and visitors all year round.

MAJOR EMPLOYERS - CENTRAL BUSINESS DISTRICT

MAJOR EMPLOYERS - SOUTH LAKE UNION

BUILDING PHOTOS

UNIT PHOTOS

FLOOR PLANS Unit 102 Unit 202 Unit 302 Unit 101 Unit 201 Unit 301 FIRST FLOOR SECOND FLOOR THIRD FLOOR

Unit Breakdown Hampton Court A P A R T M E N T S APPROXIMATE CURRENT CURRENT MARKET MARKET UNIT TYPE UNIT SIZE RENT RENT/SQ.FT. RENT RENT/SQ.FT. 101 1 Bd/1 Bth 700 Sq.Ft. $1,500 $2.14 $1,595 $2.28 102 2 Bd/1 Bth 900 Sq.Ft. $1,650 $1.83 $1,945 $2.16 201 1 Bd/1 Bth 700 Sq.Ft. $1,500 $2.14 $1,595 $2.28 202 2 Bd/1 Bth 900 Sq.Ft. $1,650 $1.83 $1,945 $2.16 301 1 Bd/1 Bth 700 Sq.Ft. $1,550 $2.21 $1,595 $2.28 302 2 Bd/1 Bth 900 Sq.Ft. $1,600 $1.78 $1,945 $2.16 Totals/Avg 800 Sq.Ft. $1,575 $1.97 $1,770 $2.21

Income and Expenses ANNUALIZED OPERATING DATA CURRENT MARKET Units 6 Price $1,900,000 Year Built 1990 Per Unit $316,667 Rentable Area 4,800 Sq.Ft. Per Sq. Ft. $395.83 Down Pmt $900,000 Current GRM 16.75 Loan Amount $1,000,000 Current CAP 4.03% Interest Rate 4.50% Market GRM 13.82 Amortization 30 years Market CAP 5.06% UNIT CURRENT MARKET UNITS TYPE SIZE RENT RENT 3 1 Bd/1 Bth 700 $1,500 - $1,550 $1,595 3 2 Bd/1 Bth 900 $1,600 - $1,650 $1,945 6 Total/Avg 800 $1.97 $2.21 MONTHLY INCOME CURRENT MARKET Gross Potential Rent $9,450 $10,620 Parking Income (6 Stalls) $0 $300 Utility Bill Back $0 $510 Storage Income $0 $0 Laundry (In Each Unit) $0 $0 Miscellaneous $0 $30 Total Monthly Income $9,450 $11,460 Scheduled Gross Income $113,400 $137,520 Less Vacancy 2.0% $2,268 4.0% $5,501 Gross Operating Income $111,132 $132,019 Less Expenses $34,484 $35,848 Net Operating Income $76,648 $96,171 Annual Debt Service ($5,067/mo) $60,802 $60,802 Cash Flow Before Tax 1.76% $15,846 3.93% $35,369 Principal Reduction $16,132 $16,132 Total Return Before Tax 3.55% $31,978 5.72% $51,501 ANNUALIZED OPERATING EXPENSES CURRENT MARKET RE Taxes 2018 $13,836 $15,200 Insurance Quote $2,709 $2,709 Utilities 2017 $9,089 $9,089 Maint/Repairs Proforma $5,400 $5,400 Landscaping 2017 $1,500 $1,500 Admin/Legal Proforma $300 $300 Reserves Proforma $1,650 $1,650 Total Expenses $34,484 $35,848 CURRENT OPERATIONS Expense/Unit $5,747 Expense/Foot $7.18 Percent of EGI 31.03% MARKET OPERATIONS Expense/Unit $5,975 Expense/Foot $7.47 Percent of EGI 27.15%

SALES COMPARABLES Hampton Court Apartments 5417 Fauntleroy Way SW Seattle, WA 98136 Year Built 1990 Units 6 Sales Price $1,900,000 Price/Unit $316,667 Price/Foot $395.83 Current GRM/CAP 16.8/4.0% Market GRM/CAP 13.8/5.1% 2 4 1 Year Built 1987 Units 8 Sales Price $2,525,000 Price/Unit $315,625 Price/Foot $404.06 GRM/CAP 18.5/3.8% Junction 8 4001 SW Edmunds Sales Date 6.28.2018 2 Year Built 1984 Units 12 Sales Price $4,419,080 Price/Unit $368,257 Price/Foot $420.86 GRM/CAP 16.5/4.2% Alki Canoe Club 3036 60th Ave SW Sales Date 10.31.2017 5 3 1 3 Year Built 1960 Units 6 Sales Price $1,850,000 Price/Unit $308,333 Orion Place 4127 California Ave SW Price/Foot $336.73 GRM/CAP Sales Date 9.8.2017 Unknown Year Built 4 1991 Units 12 Sales Price $3,475,000 Price/Unit $289,583 Price/Foot $372.83 GRM/CAP 17.2/3.8% 12 Unit Apartment 1526 44th Ave SW Sales Date 7.14.2017 Hampton Court A P A R T M E N T S 5 Year Built 1993 Units 7 Sales Price $2,425,000 Price/Unit $346,429 Price/Foot $413.61 GRM/CAP 18.9/3.5% Admiral Apartments 3056 60th Ave SW Sales Date 7.10.2017

RENT COMPARABLES Hampton Court Apts 5417 Fauntleroy Way SW Seattle, WA 98136 1Bd/1Bth 2Bd/1Bth 700 900 $1,500 - $1,550 $1,600 - $1,650 $2.14 - $2.21 $1.78 - $1.83 1990-6 Units 1 Whittaker Apartments 4755 Fauntleroy Way SW 1Bd/1Bth 1Bd/1Bth 2Bd/1Bth 559-608 674 835 $1,737 - $1,947 $1,967 - $1,972 $2,829 $3.20 - $3.10 $2.92 - $2.93 $3.39 2016-389 Units 2 Elan 41 4100 SW Edmunds St 1Bd/1Bth 2Bd/1Bth 760-795 950-1,000 $1,755 - $1,962 $2,258 - $2,747 $2.31 - $2.47 $2.38 - $2.75 1987-78 Units 3 City Watch Apartments 4744 41st Ave SW 1993-96 Units 1Bd/1Bth 2Bd/1Bth 837-844 903-1,060 $1,595 $2,095 - $2,295 $1.89 - $1.91 $2.17 - $2.32 2 3 4 1 4 Broadstone Sky 4745 40th Ave SW 1Bd/1Bth 2Bd/1Bth 555-671 968 $1,585 - $1,575 $2,865 $2.35 - $2.86 $2.96 2015-151 Units 5 5 Sound Breeze Apartments 5034 Fauntleroy Way SW Seattle, WA 98136 2Bd/1Bth 904 $1,950 - $2,095 $2.15 - $2.81 1954-6 Units Hampton Court A P A R T M E N T S

600 University St, Suite 2018 Seattle Washington 98101 206 623-8880 / info@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.