17136 410 Highway E, Bonney Lake, WA 98391
- $2,400,000
Listing courtesy of KW Mountains to Sound Realty. Selling Office: KW Greater Seattle.
- Sold Price
- $2,400,000
- List Price
- $2,400,000
- Status
- SOLD
- MLS#
- 2187826
- Closing Date
- Feb 27, 2024
- Days on Market
- 24
- Annual Tax Ammount
- 10379
- Internet Provider
- comcast
Property Description
Discover the epitome of mixed-use excellence with our impeccably renovated property with gorgeous valley and mountain views nestled on 4.5ac. Accessible to a diverse demographic, this property taps into a dynamic market with a growing population, ensuring sustained demand for commercial and residential spaces. 4 unit mixes totaling 13,127 sq. ft. with 46 parking spots includes 3 bed, 2.75 bath penthouse, 12 office spaces with conference room, Bar and Restaurant along with vacant Retail space. Perfect opportunity for owner-users to live and work on site or investors to capitalize on the potential for increased returns. Current cap rate of 7.61% and a pro forma at 9.57%, this property stands out as a lucrative investment opportunity.
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Additional Information
- Community
- Bonney Lake
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1976
- # of Assigned Spaces
- 46
- Waterfront
- Yes
- Waterfront Description
- Creek
- Roof
- Torch Down
- Tax Year
- 2023
- Potential Terms
- Cash Out, Conventional, See Remarks
- Flooring
- Ceramic Tile, Hardwood, Carpet
- Driving Directions
- Use GPS For Apple Maps - 17136 State Route 410 E Bonney Lake, WA For Google Maps - 17136 WA-410, Sumner, WA
- Energy Source
- Electric
- Net Operating Income
- $182,525
- Gross Adjusted Income
- $205,140
- Gross Scheduled Income
- $205,140
- Water/Sewer/Garbage Expenses
- $5,563
- Cap Rate
- 7.61
- Total Expenses
- $22,614
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.