Pamela Burt
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5703 Central Avenue , Hot Springs, AR 71913

$994,400
  • 5703 Central Avenue , Hot Springs, AR 71913 Main Photo

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New to the Market New Listing
BEDS0 BATHS SQUARE FEET13,846 MLS#26020486
STATUSNew Listing PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMetes & Bounds NEIGHBORHOODLAKESIDE SCHOOL DISTRICT

Property Description

First 18 pictures are rendering's of how it could look. "Great investment opportunity, with 19 units in prized Lakeside School District and a quarter miles access to Lake Hamilton. Renovate the units or use our architectural blue prints to increase unit sq ft and overall value. Total units 19: total built out units 18 with 8 units via 4 duplexes in the back of the property and 10 finished units and 1 unfinished unit in the front building. Recently converted to condos giving investor opportunity to sell for higher LTV down the road. Renovate then lease all yearly or even all Airbnb (no permit req'd as located in Garland County, outside of city of Hot Springs limits) and/or sell all units. The investor would own the entire condo association and all units in it." If renovated into the plans, the investor would have: 8 3 bed/2.5 baths, 8 2 bed/2 baths, and 3 1 bed/1.5 baths. We envisioned having the main building be accessible on Central with a slider gate at the front and fencing around, then adding either carports or garages (11) parallel to the 11 unit main building. Then in for the back 8 units, have another gate entering from Long Beach with 8 covered parking or garages.

5703 Central Avenue | MLS# 26020486

This multi-family property located at 5703 Central Avenue , Hot Springs, AR 71913 is currently listed for sale with an asking price of $994,400. Search Lakeside School District real estate on pamelaburt.crye-leike.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central
Heating: Central Heat
Lot Size: 0.59 Acres
Roof Type: Metal
Stories: 1.0
Taxes: $66,284

Amenities

Dumpster

Feature Descriptions

Appliance(s)/Kitchen Equipment: Other (see remarks)
Area Amenities: Other (see remarks)
Expenses Include: Other (see remarks)
Exterior: Metal/Vinyl Siding
Lot Dimensions: 0.59 acre(s)
Number of 1 Bathroom Unit(s): 19
Number of 1 Bedroom Unit(s): 11
Number of 2 Bedroom Unit(s): 5
Sewer: Public Sewer
Units: 19
Water: Public Water

Local Schools

Elementary School: Lakeside

Listed By / Shown By

Listed By

Agency Name: Baxley-Penfield-Moudy Realtors
Agency Phone: 501-315-5000

Shown By

Agent Name: Pamela Burt
Agent Phone: (501) 259-2784
Agency Title: Crye-Leike Real Estate Services

IDX logo

Source: Arkansas MLS

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Estimated Payment

$ 8,026.80 per month $2,213.10 Principal & Interest $5,523.67 Property Tax $290.03 Homeowner's Insurance

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