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8702 -8716 S Hosmer Street

Tacoma, WA 98444
  • $14,200,000
  • STATUS: Pending
  • ON SITE: 45 Days
  • ID#: 1981716
Under Contract
UPDATED: 212 min ago
$14,200,000
  • 0
    BEDS
  • 3.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 44,467
    SQFT
  • $319
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1978
County:
Area:

School Ratings & Info

School District:
Northwest MLS logoListing Courtesy of Westlake Associates, Inc.: 206-505-9400.


Description

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.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Source Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-09-25T00:15:42.27. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".



Based on information submitted to the MLS GRID as of 2022-09-25T00:15:42.27. 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.
pnw.sourcerealestate.com/homes/132025433
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8702 -8716 S Hosmer Street Tacoma, WA 98444

  • Price: $14,200,000
  • Status: Pending
  • On Site: 45 Days
  • Updated: 212 min ago
  • ID#: 1981716
0
Beds
0
Baths
0
½ Baths
3.19
Acres
44,467
SQFT
$319
$/SQFT
1978
Built
Neighborhood:
South Tacoma
County:
Pierce
Area:
South Tacoma
School District:
Tacoma
Property Description
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.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features WoodWood Products Lot Features CurbsPavedSidewalk Open Parking Spaces 200 Open Parking YN Yes Parking Total 200 Parking Uncovered Spaces 200 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

Interior Features

Building Area Total 44467 Fireplace YN No Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Cumulative Days On Market 27 Energy Source Electric First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash Out Net Operating Income 0 New Construction YN No Possession Closing Possible Use CommercialMulti-FamilySee Remarks Power Production Type Electric Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 0 Tax Year 2022 Units In Building Total 142 Utilities Sewer ConnectedElectricity Available Zoning Class CommercialMulti-FamilySee Remarks Zoning Jurisdiction City

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Source Real Estate and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Source Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-09-25T00:15:42.27. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".



Based on information submitted to the MLS GRID as of 2022-09-25T00:15:42.27. 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.
 
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Source Real Estate
15 E Central STE 200
Spokane WA, 99208
Northwest MLS logoListing Courtesy of Westlake Associates, Inc.: 206-505-9400.