Listing ID: 2045004
Sold For: $915,000
Status: Closed
Address: 8206 Locust Avenue E
City: Bonney Lake
State: Washington
Postal Code: 98391
SqFt: 3,116
Acres: 0.703
County: Pierce
Bonney Lake
WA
98391
Amazing investing or occupying opportunity with this 4-plex in the heart of Bonney Lake. Walking distance to shops and minutes to SR 410. Potential to build 2 more units per the City of Bonney Lake (buyer to verify). Four 2bd 1ba units with shared coin-operated laundry room & off-street parking for 10 cars. Each unit comes with its own private deck & storage closet plus a shared yard. 2 units will be vacant before closing allowing you to set the rate! Rents are way below market. Water & sewer are currently included in the rent amount; tenants pay for garbage and electricity. Pre-listing inspection report done. Can't go wrong with this one!
Primary Features
County:
Pierce
Property Sub Type:
Multi-Family
Property Type:
Residential Income
Subdivision:
Bonney Lake
Year Built:
1977
Interior
Building Area Units:
Square Feet
Flooring:
Laminate, Vinyl, Carpet
Furnished:
Unfurnished
Interior Features:
Laminate, Wall to Wall Carpet
Living Area Units:
Square Feet
Stories Total:
2
External
Elevation Units:
Feet
Exterior Features:
Wood
Foundation Details:
Slab
Lot Features:
Paved, Sidewalk
Lot Size Square Feet:
30637
Lot Size Units:
Square Feet
MLS Lot Size Source:
Realist
Number Of Units Total:
4
Open Parking Spaces:
10
Parking Total:
10
Parking Uncovered Spaces:
10
Roof:
Composition
Sewer:
Sewer Connected
Structure Type:
Quadruplex
Style Code:
54 - 4-Plex
Units Below Grade:
false
Units In Building Total:
4
Water Sewer Garbage:
7008.76
Water Source:
Public
Location
Building Area Total:
3116
Country:
US
High School District:
Sumner-Bonney Lake
MLS Area Major:
109 - Lake Tapps/Bonne
Waterfront:
no
Zoning Class:
Multi-Family
Additional
Amenities:
Coin Op Laundry,Storage
Effective Year Built Source:
Public Records
Mls Status:
Sold
Offers:
Seller intends to review offers upon receipt
Possible Use:
Multi-Family
Power Production Type:
Electric
Preliminary Title Ordered:
yes
Property Condition:
Good
Show Map Link:
yes
Site Features:
Deck, Fenced-Partially
Year Built Effective:
1987
Financial
Buyer Financing:
Conventional
Cap Rate:
5.23
Electric Expense:
434.84
Gross Adjusted Income:
58140
Gross Rent Multiplier:
13.89
Gross Scheduled Income:
61200
Insurance Expense:
1516
Leasable Area:
3116
Leasable Area Units:
Square Feet
Leased Items:
None
Net Operating Income:
44494
Possession:
Closing
Sale Type:
MLS
Seller Disclosure:
Provided
Special Listing Conditions:
None
Tax Annual Amount:
7791
Tax Year:
2022
Total Expenses:
16750.6
Zoning Info
Area Info
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