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

July 13, 2024

Updated

Map

8702 -8716 S Hosmer Street
Tacoma WA, 98444

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Heating

Yes

Exterior/Building Features

Lot Size

3.19 Acres


Exterior Features

Wood, Wood Products


Lot Features

Curbs, Paved, Sidewalk


Roof

Composition


Sewer

Sewer Connected

School Information

School District

Tacoma

Other Property Details

Area Name

53 - South Tacoma


Garage

No


Parking Total

200


View

No


County

Pierce


Pool

No

The IDX display contains information sourced from the Northwest Multiple Listing Service as of 7/15/2024. 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 7/15/2024 at 9:00 PM UTC 

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