8740 South Hosmer Street
8740 South Hosmer Street
Tacoma, WA 98444
$4,500,000
Last Sold Price
24
Beds
32
Baths
21,600 Sq. Ft.
$208 / Sq. Ft.
21,600
Sq. Ft.
$208
per Sq. Ft.
Sold 4/16/21
Sold 4/16/21
Listing provided courtesy of Westlake Associates, Inc., Kaiser Management LLC
Description
The Azul is a 33-unit apartment community built in 1992. 24 of the units have large 1bd/1ba layouts and the remaining 9 units are efficient studio layouts. The homes feature low maintenance granite counters in the kitchen and new vanities with quartz in the bathrooms. Some of the units include vinyl plank flooring, new lighting, baseboard trim and fresh interior paint. This opportunity offers an investor a healthy in-place cap rate and the new investor can continue upgrading flooring in units as...The Azul is a 33-unit apartment community built in 1992. 24 of the units have large 1bd/1ba layouts and the remaining 9 units are efficient studio layouts. The homes feature low maintenance granite counters in the kitchen and new vanities with quartz in the bathrooms. Some of the units include vinyl plank flooring, new lighting, baseboard trim and fresh interior paint. This opportunity offers an investor a healthy in-place cap rate and the new investor can continue upgrading flooring in units as units come available to further achieve rental premiums and value appreciation.
- Listed by Louis Voorhees • Westlake Associates, Inc.
- Listed by River Voorhees • Westlake Associates, Inc.
Property Details for 8740 South Hosmer Street
Community Name
Tacoma
School DistrictTacoma
Number of Assigned Spaces68
Total Covered Parking0
Entry Date02-04-2021
Energy SourceElectric
SewerAvailable
Location
Listing Courtesy of Westlake Associates, Inc.![]()
Sold By Kaiser Management LLC
Add your commute
LISTING UPDATED: 04/26/2021 05:35 PM
Property Details for 8740 South Hosmer Street
| Status | Sold |
|---|---|
| MLS # | 1725058 |
| Days on Market | 38 |
| Cumulative Days on Market | 1099 |
| Taxes | $30,634 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1992 |
| Lot Size | 1.27 AC / 55,334 SF |
| County | Pierce County |
Location
Listing Courtesy of Westlake Associates, Inc.![]()
Sold By Kaiser Management LLC
Add your commute
Building Information for 8740 South Hosmer Street
Stories2Residences32Year Built1992Building Size-Lot Size1.27 AC / 55,334 SF
Payment Calculator
$27,111 per month
30 year fixed, 7.25% Interest
Principal and Interest
$24,558
Property Taxes
$2,553
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 8740 South Hosmer Street
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 53 - South Tacoma
- Directions: On I-5 S, take exit 129 for S 72nd Street toward 84th Street. Turn left onto Tacoma Mall Blvd, turn left onto S 84th St. Turn right at 1st cross street on to S Hosmer St. Property is on the right.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2020
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 40.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Ceramic Tile, Vinyl, Vinyl Plank
- Fireplace: No
Exterior Features
- Exterior: Wood Products
- Roof: Composition
Property
Utilities
- Electric On Property: No
- Heating and Cooling: Forced Air
- Water/Sewer/Garbage: 50000
- Power Production Type: Electric
- Utilities: Electricity Available
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 12
Lot Information
- Lot Size Source: Pierce County
- Parcel Number Free Text: 0320318023
- Calculated Square Footage: 21600
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 21600.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 40
- Number of Stories in Building: 2
- Vacancy Rate: 5
- Number Of Units Total: 32
- Units Below Grade: false
- Units In Building Total: 33
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 179911
- Gross Adjusted Income: 472530
- Gross Rent Multiplier: 9
- Gross Scheduled Income: $497,400
- Insurance Expense: $8,000
- Net Operating Income: $292,619
- Other Expenses: $67,650
- Total Monthly Income: 41450
- Fuel Expense: $0
Unit 1
- Name Unit 1: 363
- Square Feet Unit 1: 400
- Rent Unit 1: $950.00
- Bedrooms Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 265
- Square Feet Unit 2: 400
- Rent Unit 2: $950.00
- Bedrooms Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 264
- Square Feet Unit 3: 750
- Rent Unit 3: $1,150.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 263
- Square Feet Unit 4: 750
- Rent Unit 4: $1,050.00
- Bedrooms Unit 4: 1
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 262
- Square Feet Unit 5: 750
- Rent Unit 5: $1,150.00
- Bedrooms Unit 5: 1
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 261
- Square Feet Unit 6: 400
- Rent Unit 6: $950.00
- Bedrooms Unit 6: 0
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 260
- Square Feet Unit 7: 750
- Rent Unit 7: $1,150.00
- Bedrooms Unit 7: 1
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 259
- Square Feet Unit 8: 750
- Rent Unit 8: $1,043.00
- Bedrooms Unit 8: 1
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 258
- Square Feet Unit 9: 750
- Rent Unit 9: $1,150.00
- Bedrooms Unit 9: 1
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: 257
- Square Feet Unit 10: 750
- Rent Unit 10: $1,150.00
- Bedrooms Unit 10: 1
- Bathrooms Unit 10: 1
Unit 11
- Name Unit 11: 256
- Square Feet Unit 11: 750
- Rent Unit 11: $1,150.00
- Bedrooms Unit 11: 1
- Bathrooms Unit 11: 1
Unit 12
- Name Unit 12: 255
- Square Feet Unit 12: 750
- Rent Unit 12: $1,150.00
- Bedrooms Unit 12: 1
- Bathrooms Unit 12: 1
Unit 13
- Name Unit 13: 254
- Square Feet Unit 13: 400
- Rent Unit 13: $950.00
- Bedrooms Unit 13: 0
- Bathrooms Unit 13: 1
Unit 14
- Name Unit 14: 253
- Square Feet Unit 14: 750
- Rent Unit 14: $1,150.00
- Bedrooms Unit 14: 1
- Bathrooms Unit 14: 1
Unit 15
- Name Unit 15: 252
- Square Feet Unit 15: 750
- Rent Unit 15: $1,150.00
- Bedrooms Unit 15: 1
- Bathrooms Unit 15: 1
Unit 16
- Name Unit 16: 251
- Square Feet Unit 16: 750
- Rent Unit 16: $1,150.00
- Bedrooms Unit 16: 1
- Bathrooms Unit 16: 1
Unit 17
- Name Unit 17: 165
- Square Feet Unit 17: 400
- Rent Unit 17: $950.00
- Bedrooms Unit 17: 0
- Bathrooms Unit 17: 1
Unit 18
- Name Unit 18: 164
- Square Feet Unit 18: 750
- Rent Unit 18: $1,150.00
- Bedrooms Unit 18: 1
- Bathrooms Unit 18: 1
Unit 19
- Name Unit 19: 163
- Square Feet Unit 19: 750
- Rent Unit 19: $950.00
- Bedrooms Unit 19: 1
- Bathrooms Unit 19: 1
Unit 20
- Name Unit 20: 162
- Square Feet Unit 20: 750
- Rent Unit 20: $1,150.00
- Bedrooms Unit 20: 1
- Bathrooms Unit 20: 1
Unit 21
- Name Unit 21: 161
- Square Feet Unit 21: 400
- Rent Unit 21: $950.00
- Bedrooms Unit 21: 0
- Bathrooms Unit 21: 1
Unit 22
- Name Unit 22: 160
- Square Feet Unit 22: 750
- Rent Unit 22: $1,150.00
- Bedrooms Unit 22: 1
- Bathrooms Unit 22: 1
Unit 23
- Name Unit 23: 159
- Square Feet Unit 23: 750
- Rent Unit 23: $1,150.00
- Bedrooms Unit 23: 1
- Bathrooms Unit 23: 1
Unit 24
- Name Unit 24: 158
- Square Feet Unit 24: 750
- Rent Unit 24: $500.00
- Bedrooms Unit 24: 1
- Bathrooms Unit 24: 1
Unit 25
- Name Unit 25: 157
- Square Feet Unit 25: 750
- Rent Unit 25: $1,150.00
- Bedrooms Unit 25: 1
- Bathrooms Unit 25: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 21600.0
- Leasable Area Units: Square Feet
Property History for 8740 South Hosmer Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 8740 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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Listing Courtesy of Westlake Associates, Inc.
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.