Bought with Kaiser Management LLC
$4,500,000
$4,500,000
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8740 S Hosmer ST Tacoma, WA 98444
21,600 SqFt
Key Details
Sold Price $4,500,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 21,600 sqft
Price per Sqft $208
Subdivision Tacoma
MLS Listing ID 1725058
Sold Date 04/16/21
Style 56 - 10+ Units
Year Built 1992
Annual Tax Amount $30,634
Lot Size 1.270 Acres
Property Sub-Type Multi-Family
Property 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 units come available to further achieve rental premiums and value appreciation.
Location
State WA
County Pierce
Area 53 - South Tacoma
Interior
Interior Features Forced Air, Ceramic Tile
Flooring Ceramic Tile, Vinyl, Vinyl Plank
Fireplace false
Exterior
Exterior Feature Wood Products
Utilities Available Electric
View Y/N No
Roof Type Composition
Building
Sewer Available
New Construction No
Schools
School District Tacoma
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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