22428 South Prairie Road E, Bonney Lake, WA 98391
- $710,000
- 2,034
- SqFt
Listing courtesy of Pointe3 Real Estate. Selling Office: RE/MAX Integrity.
- Sold Price
- $710,000
- List Price
- $700,000
- Status
- SOLD
- MLS#
- 2361372
- Closing Date
- May 29, 2025
- Days on Market
- 18
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 2,034
- Area Total SqFt
- 2034
- Annual Tax Ammount
- 6717
- Lot Size (sq ft)
- 32,234
- Sewer
- Septic Tank
Property Description
Investor alert! This one-owner, custom-built duplex has been impeccably maintained and is a rare opportunity for high-quality cash flow. Each 2 bed, 1.5 bath unit offers 1,017 sq ft of thoughtfully designed space with open layouts, attached 1-car garages, energy-efficient heat pumps for year-round comfort, washer/dryer hookups, and large concrete patios. Built to last with new Hardi-Plank siding, tongue & groove cedar soffits, charming covered porches, newer roofs (2017), and fresh exterior paint. Fully occupied with long-term tenants and a waiting list. All appliances included (W/D excluded). Situated on nearly ¾ acre with abundant off-street parking—this is a low-maintenance, turn-key asset for the savvy investor.
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Additional Information
- List Date
- 2025-05-11 00:00:00
- Community
- Bonney Lake/Buckley
- Net Operating Income
- $33,323
- Gross Adjusted Income
- $42,000
- Gross Scheduled Income
- $42,000
- Total Monthly Income
- $3,600
- Insurance Expenses
- $1,000
- Water/Sewer/Garbage Expenses
- $960
- Gross Rent Multiplier
- 16.25
- Total Expenses
- $8,677
- Cap Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 22428
- Potential Terms
- Cash Out, Conventional, FHA, Owner Financing, USDA Loan, VA Loan
- Year Built
- 1995
- Roof
- Composition
- Site Features
- Cable TV
- Energy Source
- Electric
- School District
- White River
- Total Monthly Income
- $3,600
- Gross Scheduled Income
- $42,000
- Gross Adjusted Income
- $42,000
- Tax Year
- 2024
- Insurance Expense
- $1,000
- W/S/G Expenses
- $960
- Total Expenses
- $8,677
- Net Operating Income
- $33,323
- Gross Rent Multiplier
- 16.25
- Cap Rate
- 5
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.