20621 Church Lake Drive E, Bonney Lake, WA 98391
- $520,000
- 1,440
- SqFt
Listing courtesy of PNW Realty. Selling Office: John L. Scott, Inc.
- Sold Price
- $520,000
- List Price
- $524,999
- Status
- SOLD
- MLS#
- 2339142
- Closing Date
- Apr 16, 2025
- Days on Market
- 10
- Style
- 52 - Duplex
- Finished SqFt
- 1,440
- Area Total SqFt
- 1440
- Annual Tax Ammount
- 4005
- Lot Size (sq ft)
- 8,600
- Sewer
- Sewer Connected
Property Description
*NEW PRICE* Great investment opportunity! This charming rambler duplex in Bonney Lake offers a partial lake view, private beach access, and exclusive access to the Lake Tapps private boat launch. With 1440 sq ft in total, Unit B features a spacious 3-bed,1.75-bath, while the other Unit A is a cozy 1-bedroom, 1-bath unit at 440 sq ft. Live in one and rent the other, or maximize your income potential as a rental property. Enjoy the beauty of Bonney Lake while offsetting your mortgage. Close to schools, shopping, dinning and freeways. With Low annual HOA Dues, don't miss out on this fantastic opportunity to be near the lake! Offering 10k credit towards closing costs! Motivated Sellers, bring your offer!
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Additional Information
- List Date
- 2025-04-06 00:00:00
- Community
- Church Lake
- Net Operating Income
- $45,600
- Gross Adjusted Income
- $31,943
- Gross Scheduled Income
- $45,600
- Total Monthly Income
- $1,300
- Insurance Expenses
- $3,532
- Water/Sewer/Garbage Expenses
- $4,200
- Gross Rent Multiplier
- 11
- Total Expenses
- $13,057
- Cap Rate
- 6
- Vacancy Rate
- 50
- Total Number of Units
- 2
- Unit Name
- 20621
- Potential Terms
- Cash Out, Conventional, FHA, State Bond, VA Loan
- Year Built
- 1967
- View
- Lake, Partial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet
- Electric Expenses
- 1320
- Energy Source
- Electric
- School District
- Sumner-Bonney Lake
- Elementary School
- Emerald Hills Elem
- Middle School
- Lakeridge Middle
- High School
- Bonney Lake High
- Total Monthly Income
- $1,300
- Gross Scheduled Income
- $45,600
- Vacancy Rate
- 50
- Gross Adjusted Income
- $31,943
- Tax Year
- 2024
- Insurance Expense
- $3,532
- W/S/G Expenses
- $4,200
- Total Expenses
- $13,057
- Net Operating Income
- $45,600
- Gross Rent Multiplier
- 11
- Cap Rate
- 6
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.