1203 Marion Anderson Active Save Request In-Person Tour Request Virtual Tour
Hot Springs,AR 71913
Key Details
Property Type Multi-Family
Sub Type Apartments
Listing Status Active
Purchase Type For Sale
Square Footage 18,746 sqft
Price per Sqft $173
Subdivision Earl Acres
MLS Listing ID 25000366
Style Traditional
Year Built 1980
Annual Tax Amount $11,123
Lot Size 1.760 Acres
Acres 1.76
Property Sub-Type Apartments
Property Description
Discover an incredible investment opportunity with this 17-unit multi- family condominium complex, located on the shores of Lake Hamilton in Hot Springs, Arkansas. Boasting a market net operating income (NOI) of $195,738, this property promises solid returns and exciting growth potential. This lakefront complex is not only a secure income-generating asset but also a unique opportunity for further development in a highly desirable location. A designated area within the lot is ready for the construction of up to 7 additional 3-bedroom,2-bathroom units, providing an opportunity to increase revenue and enhance the property's value.
Location
State AR
County Garland
Area Lake Hamilton School District
Zoning Multi
Rooms
Kitchen Electric Range,Dishwasher,Disposal
Interior
Heating Central Cool-Electric,Central Heat-Electric
Flooring Partial Carpet,Tile
Equipment Electric Range,Dishwasher,Disposal
Exterior
Parking Features Parking Pads
Utilities Available Sewer-Public,Water-Public,Electric-Municipal
Roof Type Composition
Building
Lot Description Resort Property
Foundation Crawl Space,Slab
New Construction No