20835 20837 60th Street E, Bonney Lake, WA 98391
- $900,000
- 4,224
- SqFt
Listing courtesy of eXp Realty. Selling Office: John L. Scott R.E.Tacoma North.
- Sold Price
- $900,000
- List Price
- $979,998
- Status
- SOLD
- MLS#
- 2398302
- Closing Date
- Aug 15, 2025
- Days on Market
- 26
- Style
- 52 - Duplex
- Finished SqFt
- 4,224
- Area Total SqFt
- 4224
- Annual Tax Ammount
- 9896
- Lot Size (sq ft)
- 12,557
- Sewer
- Sewer Connected
Property Description
Rare 2007-built duplex with lake views in prime Bonney Lake! This side-by-side townhome-style duplex offers 2,112 SF per unit, each featuring 3 beds, 3.5 baths, 2-car tandem garages, and private outdoor spaces. Located on a quiet dead-end street right on Lake Tapps and minutes from amenities in Bonney Lake. Community lake access and a nearby park. Enjoy stunning lake views from the property. Current rental income is $5,800/month with great tenants. One unit is fully renovated with LVP flooring, SS appliances, updated counters and cabinetry, lighting, and vanities. The other unit has fresh paint and has been well-maintained over time. Pre-inspected with rental pro forma available. Live in one, rent the other, or rent both! Turnkey and ready!
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Additional Information
- List Date
- 2025-07-20 00:00:00
- Community
- Lake Tapps
- Net Operating Income
- $53,254
- Gross Adjusted Income
- $64,923
- Gross Scheduled Income
- $68,340
- Total Monthly Income
- $5,695
- Insurance Expenses
- $1,500
- Gross Rent Multiplier
- 14.34
- Total Expenses
- $11,696
- Cap Rate
- 5.43
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 20835 20837
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 2007
- View
- Lake, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Fully, Gas Available, High Speed Internet
- Other Expenses
- 300
- Energy Source
- Electric, Natural Gas
- School District
- Sumner-Bonney Lake
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,695
- Gross Scheduled Income
- $68,340
- Vacancy Rate
- 5
- Gross Adjusted Income
- $64,923
- Tax Year
- 2025
- Insurance Expense
- $1,500
- Total Expenses
- $11,696
- Net Operating Income
- $53,254
- Gross Rent Multiplier
- 14.34
- Cap Rate
- 5.43
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