8801 S Hosmer Street, Tacoma, WA 98444
- $11,000,000
Listing courtesy of Westlake Associates, Inc.. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $11,000,000
- List Price
- $13,500,000
- Status
- SOLD
- MLS#
- 2128022
- Closing Date
- Jan 25, 2024
- Days on Market
- 105
Property Description
Located in the rapidly growing market of South Tacoma, the Hometowne Studios presents investors with the rare opportunity to own a 129-room extended stay asset or convert it to Multifamily and much needed long term housing for the area. This high-quality asset was constructed in 1999 and has undergone recent capital upgrades in 2019. Upgrades include new LVP flooring, appliances, in-room lighting, exterior signage, kitchen and bathroom upgrades, and Televisions. Each unit has its own kitchen which includes a 2-burner cooktop, microwave, full-size refrigerator, range hood, and cabinetry. All of the units are studios ranging from 210-290 square feet.
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Additional Information
- Community
- South Tacoma
- Style
- 64 - Hotel/Motel
- Year Built
- 1999
- Roof
- Composition
- Potential Terms
- Assumable, Cash Out, Conventional, See Remarks
- Driving Directions
- On I-5 S, take exit 129 for S 72nd St toward S 84 St. Turn left onto S 84th St. Turn right onto S Hosmer St. Property is on the left.
- Energy Source
- Electric
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