Traditional

815 Park Ave

Hot Springs , AR 71901

MLS#: 25016240

$1,800,000

Status: Active Under Contract

Listing number: 25016240

Listing provided by: SB Realty & Property Management

Listing agent phone: None

Last update: a month ago

On site: 3 months ago

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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1940

Sq.Footage

14,983

A hybrid investment opportunity in the heart of one of Arkansas’s most vibrant tourism destinations! This beautifully renovated 30 unit apartment complex offers the best of both worlds: consistent long-term rental income paired with the lucrative upside of Air BNB units and a 2,000sqft updated on-site leasing office—perfect for self-management. Convenience is at your fingertips, as the apartment is just minutes away from local cafes, restaurants, art galleries, entertainment venues and the David F. Watkins Memorial Park. No seller financing! AGENTS - SEE REMARKS!

Features & Amenities

Interior

Total Bedrooms

N/A
Bathrooms

N/A
Cooling YN

YES
Cooling

Central Air, Window Unit(s)
Heating YN

YES
Heating

Central, Natural Gas

Exterior

Garage

No
Construction Materials

Brick
Pool

No

Area & Lot

Lot Features

Level
Lot Size(acres)

0.7
Property Type

Residential Income
Property Sub Type

Multi Family
Architectural Style

Traditional

Price

Sales Price

$1,800,000
Tax Amount

2664.99
Zoning

CTR
Sq. Footage

14, 983
Price/SqFt

$120

HOA

Association

No

School District

Elementary School

N/A
Middle School

N/A
High School

N/A

Property Features

Stories

1
Sewer

Public Sewer

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Location

County

Garland

Elementary School

Middle School

High School

Listing Courtesy of Erika Sisson , SB Realty & Property Management

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Branch Broker

DebbieNeal

Call Debbie today to schedule a private showing.

(479) 264-2099

debbieneal64@gmail.com

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A hybrid investment opportunity in the heart of one of Arkansas’s most vibrant tourism destinations! This beautifully renovated 30 unit apartment complex offers the best of both worlds: consistent long-term rental income paired with the lucrative upside of Air BNB units and a 2,000sqft updated on-site leasing office—perfect for self-management. Convenience is at your fingertips, as the apartment is just minutes away from local cafes, restaurants, art galleries, entertainment venues and the David F. Watkins Memorial Park. No seller financing! AGENTS - SEE REMARKS!

815 Park Ave

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This property is in the process of converting the apartments to Condos. Great investment opportunity for a renovation and cash-flow or flip! These are priced at 48% of the most inexpensive condos in all of Garland County. Located directly on Central Ave and in the Lakeside School District, these condos are in one of the best locations in Hot Springs. There are 19 condos in the complex - 14 one bedrooms and 5 two bedrooms. The after repair value once renovated will be about $200k per condo, totalling $3.8 million once all sold. They are located in the county and are approved for Short Term Rentals - giving the buyer flexibility to flip, rent long term, and or run as short term rentals. You can purchase all or seller is willing to sell them individually for $90,000.00 each

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Traditional

Features & Amenities

Interior

Exterior

Area & Lot

Price

HOA

School District

Property Features

Schedule a Showing

Mortgage calculator

Listing Courtesy of Erika Sisson , SB Realty & Property Management

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