Provided by NWMLS, Bought with ZNonMember-Office-MLS and Listed by Westlake Associates, Inc.
Sold
8702 -8716 S Hosmer Street
Tacoma WA, 98444
$11,510,000
$258.84 per sqft
Sold
44,467 sqft
Multi-family
Built in 1978
The American Lodge presents investors with a rare opportunity to convert a 142-room motel into a market-rate multifamily property. The potential unit types consist of (71) 210 sqft & (71) 280 sqft studios. The current owner is in the process of getting permits for the change of use. American Lodge was constructed in 1978 featuring classic “walk up” style construction with exterior corridor unit access. The buildings have recently undergone a major exterior renovation which includes brand new roofs on the buildings & exterior paint job. Electrical system have been upgraded to add small kitchens/kitchenettes in all the rooms. With current lack of affordable housing supply, this property is positioned to benefit from conversion to multifamily.
1981716
MLSⓇ ID
August 10, 2022
Listed
August 30, 2023
Updated
Map
8702 -8716 S Hosmer Street
Tacoma WA, 98444
Interior Features
Total Stories
2
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
3.19 acres
Exterior Features
Wood, Wood Products
Lot Features
Curbs, Paved, Sidewalk
Architectual Style
Multi Family
Roof
Composition
Sewer
Sewer Connected
Other Property Details
Garage
No
Parking
No
Parking Total
200
View
No
County
Pierce
Pool
No
The IDX display contains information sourced from the Northwest Multiple Listing Service as of 8/30/2023. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 8/30/2023 at 11:30 PM UTC