AR > Hot Springs > Earl Acres
Hot Springs, AR 71913,1203 Marion Anderson
Hot Springs, AR 71913,1203 Marion Anderson
Hot Springs, AR 71913,1203 Marion Anderson
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$3,250,000
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18,746 SqFt
Active

1203 Marion Anderson Hot Springs, AR 71913

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Micah Ribbing

Micah Ribbing

+1(501) 218-5944

UPDATED:

01/15/2025 04:27 PM

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

Listed by The Goff Group Real Estate Company • David M Hall

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agent

Micah Ribbing

REALTOR | License ID: SA00096985

+1(501) 218-5944

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1203 Marion Anderson