350 Lakeland Drive

Hot Springs,AR 71913

$ 850000

- Bed

- Bath

10864 SqFt


Key Details

Property Type Commercial

Sub Type Multi-Family

Listing Status Backups

Purchase Type For Sale

Square Footage 10,864 sqft

Price per Sqft $78

Subdivision Clifton Lake

MLS Listing ID 25005070

Year Built 2003

Lot Size 0.500 Acres

Acres 0.5

Property Sub-Type Multi-Family

Property Description

Summit Apartments is a quaint and quiet smaller apartment community located close to dining, banking shopping and entertainment. Across the street from beautiful Lake Hamilton, 5 minutes from the mall, 10 minutes from Oaklawn and just 15 minutes from downtown Hot Springs. Investors dream 12 unit two story Brick apartment building ,4 one bedroom one bathroom units and 8 two bedroom one bathroom units in one building....subject property is an existing two story building with a total of 10,805 square feet constructed in 2003. The building is a frame structure with brick exterior walls and composition shingle roof. There are three common entry halls and each entry hall has a laundry room on the first and second floor for a total of six common laundry areas. The apartments have sheet rock walls, laminate flooring and central heat and air conditioning. The units are separately metered and appear to be in good condition. In addition there is adequate concrete parking and common outdoor grilling area. The units are modern and appear to be in good condition.

Location

State AR

County Garland

Area Hot Springs School District

Interior

Heating Central Cool-Electric,Central Heat-Gas

Flooring Vinyl

Exterior

Exterior Feature Partially Fenced,Dumpster

Parking Features Paved

Garage Spaces 30.0

Utilities Available Sewer-Public,Water-Public,Gas-Natural,TV-Cable

Roof Type Composition,Tile

Building

Foundation Brick

New Construction No

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