7220 193RD Ave E, Bonney Lake, WA 98391

$500,000
2,708
SqFt

Listing courtesy of Gateway Real Estate.

Selling Office courtesy of: Every Door Real Estate

Sold Price
$500,000
List Price
$500,000
Status
SOLD
MLS#
1556216
Closing Date
Feb 21, 2020
Days on Market
2
Style
52 - Duplex
Finished SqFt
2,708
Lot Size (sq ft)
12,358

Property Description

Great opportunity to own this cash flowing duplex within walking distance to Allen York Park.Live in one side and rent the other one out as both will be month to month at the beginning of Feb. Unit 1 features; 1648 Sq Ft, 3 bedrooms, 2.5 bathrooms,2 car garage, laminate and tile flooring, Master with bathroom and walk in closet. Unit B features; 921 Sq Ft, 2 bed, 1.5 baths, 1 car garage, laminate and tile flooring.Unit A rents for $1625,B is 1200 a month. All appliances stay. Cap rate of 6.4%

Additional Information

List Date
2020-01-21 00:00:00
Community
Bonney Lake
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional, FHA, USDA, VA
Year Built
2009
Total Parking
6
Uncovered Parking
3
View
Mountain
Exterior
Wood, Wood Products
Roof
Composition
Site Features
Cable TV, Patio
Lot Details
Secluded
School District
Sumner
Elementary School
Bonney Lake Elem
Middle School
Lakeridge Middle
High School
Bonney Lake High
Total Monthly Income
$3,125
Gross Scheduled Income
$39,900
Vacancy Rate
5
Gross Adjusted Income
$37,905
Annual Taxes
$5,227
Tax Year
2019
Insurance Expense
$700
Total Expenses
$5,927
Net Operating Income
$31,778
Gross Rent Multiplier
12
Cap Rate
6

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
2.50
Unit 1 Size
1648
Unit 1 Rent
$1,625
Unit 2 Beds
2
Unit 2 Baths
1.50
Unit 2 Size
921
Unit 2 Rent
$1,200
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