627 QUAPAW Avenue new Save Request In-Person Tour Request Virtual Tour
Hot Springs,AR 71901
Key Details
Property Type Multi-Family
Sub Type Apartments
Listing Status Active
Purchase Type For Sale
Square Footage 4,630 sqft
Price per Sqft $99
Subdivision Hsr Blk
MLS Listing ID 25019140
Style Other (see remarks)
Year Built 1930
Annual Tax Amount $1,767
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Apartments
Property Description
Introducing an exceptional opportunity in the historic district in Hot Springs, a fully occupied and well maintained three story, multifamily building within walking distance to downtown where entertainment, dining & shopping options abound. The charming apartment building offers six units, which comprise five one-bedroom and one two-bedroom apartments. Some recent updates worth mentioning include electrical, plumbing, paint, appliances and expansive back porches on the upper floors. The enticing investment offers a gross income of $4,330 a month with the potential to generate more. The owner currently manages utilities including electricity, gas, and water, ensuring a hassle-free experience for tenants. A substantial parking area at the rear gives ample space for residents, which is a coveted amenity in this bustling area. Please respect the privacy of the current residents by not visiting the property unannounced. The tenants, with the exception of one, have been there over a year, and some over five years. This building promises to be a cornerstone in any real estate collection. Don't let this opportunity be the one that got away. Contact agent for more information.
Location
State AR
County Garland
Area Hot Springs School District
Zoning RN-2
Rooms
Kitchen Free-Standing Stove,Other (see remarks)
Interior
Heating Window Units,Floor/Wall Furnace
Flooring Other (see remarks)
Equipment Free-Standing Stove,Other (see remarks)
Exterior
Exterior Feature Other (see remarks),Covered,Porch
Parking Features Other (see remarks)
Utilities Available Sewer-Public,Water-Public,Electric-Municipal,Gas-Natural
Roof Type Composition
Building
Lot Description Level,In Subdivision,Other (see remarks)
Foundation Slab/Crawl Combination
New Construction No