FOR MORE INFORMATION PLEASE CONTACT: Mace Erickson MANAGING BROKER 206.505.9418 mace@ westlakeassociates.com Dayton Apartments | 4333 Dayton Avenue N, Seattle 98103 FOR SALE Investment Highlights + New Roof & Double Pane Windows + 3 Newly Renovated Units + Meticulously Maintained + Prime Fremont Location + Rental Upside PRICE: $1,433,000 UNITS: 5 $/UNIT: $286,600 $/SF: $332.02 CAP: 4.98% GRM: 15.34 MKT CAP: 5.75% MKT GRM: 13.69 SITE LOCATION
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4333 Dayton Flyer - commercialmls.com CAP: 5.75% MKT GRM: 13.69 SITE LOCATION. Mace Erickson MANAGING BROKER ... to the south of the Woodland Park Zoo and Green Lake neighborhood and
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Creative and Groundspeak. To the south, the Burke Gilman Trail borders Lake Union and offers
several activities including biking, kayaking, running, rowing and boating.
Fremont is a thriving artesian metropolis, boasting the oldest outdoor street market, the famous
Solstice Parade bikers and the monthly artwalk where several galleries and shops flood the streets
with different styles of art. Throughout the year, Fremont hosts some of Seattle’s most creative
festivals including the Moisture Festival, Fremont Fair, HopScotch, Fremont Outdoor Movies with the
annual Zombie Walk to name a few.
Mace EricksonMANAGING BROKER
206.505.9418
The LocationDayton Apartments | 4333 Dayton Avenue N
Several tech companies such as Google and Adobe have set up offices along the South Ship Canal in Fremont. They’re often called the “tech canal” by the industry
The Burke-Gilman is a 27 mile-long paved biking and jogging trail that runs through Fremont from Puget Sound to Lake Union and partway around Lake Washington
Greenlake offers several miles of jogging trails, as well as kayaking and swimming in the summer
Mace EricksonMANAGING BROKER
206.505.9418
Dayton Apartments | 4333 Dayton Avenue N
Neighborhood Location
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Site Location
Mace EricksonMANAGING BROKER
206.505.9418
Dayton Apartments | 4333 Dayton Avenue N
Neighborhood Location
FOOD - GROCERY1. PCC Natural Market
2. Fred Meyer
3. Marketime Foods Grocery Store
EMPLOYMENT1. Tableau Software
2. Google
3. Adobe
4. Net Motion Wireless
5. Brooks Trailhead
Recreation
1. Gasworks Park
2. A.B. Ernst Park
3. Fremont Troll
4. Fremont Branch Library
5. Fremont Chamber of Commerce
6. Woodland Park Zoo
7. Wallingford Playground
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BARS & PUBS1. Fremont Brewing Company
2. Hale’s Ales Brewery & Pub
3. Red Door
FOOD - RESTAURANTS3. Paseo Caribbean Restaurant
4. Rock Creek
5. Roux
6. Westward
7. The Whale Wins
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Mace EricksonMANAGING BROKER
206.505.9418
Property PhotosDayton Apartments | 4333 Dayton Avenue N
Mace EricksonMANAGING BROKER
206.505.9418
Property PhotosDayton Apartments | 4333 Dayton Avenue N
Mace EricksonMANAGING BROKER
206.505.9418
Property PhotosDayton Apartments | 4333 Dayton Avenue N
Mace EricksonMANAGING BROKER
206.505.9418
PROPERTY OVERVIEW
Number of Units 5
Year Constructed 1972
Rentable SF 4,316
Lot Size 5,500
Heating Electric
Parking 6
Laundry Coin-Op
PRICE ANALYSIS
Sale Price $1,433,000
Price per Unit $286,600
Price per NRSF $332.02
Price per Land SF $260.55
Current CAP Rate 4.98%
Current GRM 15.34
Pro Forma CAP Rate 5.75%
Pro Forma GRM 13.69
FINANCING
Loan Amount $920,000
Down Payment $427,500
Rate 3.50%
L-T-V 64%
Amortization 30
Term 5
Monthly Payment $4,131
Annual Payment $49,575
# of UNITS UNIT TYPE AVG SIZE CURRENT PSF PRO FORMA PSF
Total Operating Expenses $22,133 $4,427 $25,607 $5,121
The statements, figures & computations herein, while not guaranteed, are secured from sources we believe reliable. Investors should verify all numbers, computations, and assumptions before committing to an investment.
Financial Analysis
Dayton Apartments | 4333 Dayton Avenue N
Mace EricksonMANAGING BROKER
206.505.9418
Dayton Apartments | 4333 Dayton Avenue N
Rent Roll
UNIT TYPE SF MONTHLY RENT $/SF
1 2 Bedroom | 1 Bath 850 $1,120 $1.32
2 2 Bedroom | 1 Bath 883 $1,545 $1.75
3 2 Bedroom | 1 Bath 883 $1,585 $1.80
4 1 Bedroom | 1 Bath 600 $970 $1.62
5 3 Bedroom | 2 Bath 1,250 $2,495 $2.00
AVERAGES 907 $1,543 $1.70
Mace EricksonMANAGING BROKER
206.505.9418
Address # of Units Year Built Sale Date Sale Price $/Unit $/SF CAP GRM