8702-8716 South Hosmer Street
8702-8716 South Hosmer Street
$11,510,000
—
2
44,467
44,467
$259
Sold 3/3/23
Listing provided courtesy of Westlake Associates, Inc., ZNonMember-Office-MLS
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...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.
- Listed by Louis Voorhees • Westlake Associates, Inc.
- Listed by River Voorhees • Westlake Associates, Inc.
Property Details for 8702-8716 South Hosmer Street
Community Name
South Tacoma
School DistrictTacoma
Number of Assigned Spaces200
Total Covered Parking0
Entry Date08-10-2022
Energy SourceElectric
SewerSewer Connected
Location
LISTING UPDATED: 03/06/2023 10:17 AM
Property Details for 8702-8716 South Hosmer Street
Status | Sold |
---|---|
MLS # | 1981716 |
Days on Market | 27 |
Cumulative Days on Market | 408 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1978 |
Lot Size | 3.19 AC / 138,956 SF |
County | Pierce County |
Location
Building Information for 8702-8716 South Hosmer Street
Stories2Residences2Year Built1978Building Size-Lot Size3.19 AC / 138,956 SF
Payment Calculator
$62,815 per month
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Property Information for 8702-8716 South Hosmer Street
Property History for 8702-8716 South Hosmer Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 8702-8716 South Hosmer Street
This home is within Clover Park School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Park Lodge Elementary School PublicPK to 5 | ||
Hudtloff Middle School Public6 to 8 | ||
Clover Park High School Public9 to 12 | ||
Harrison Preparatory School Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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