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Kristi Allred

Southern Homes Realty

kristiallredrealtor@gmail.com +1(870) 692-6285

$ 3,000,000

Est. payment -/mo

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815 PARK Avenue Hot Springs, AR 71901-0000

31 Beds

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 157934

Bedrooms 31

Year Built 1940

Annual Tax Amount $13,559

Property Sub-Type Apartment

Property Description

A hybrid investment opportunity in the heart of one of Arkansas's most vibrant tourism destinations! This renovated 31 unit apartment complex offers the best of both worlds: consistent 18 long-term rental income paired with 13 short-term units and a 2,000sqft on-site leasing office. Past 12 months income: $274,205 (rent, fees, utility fees) 12 month expenses: $113,890 (mgmt, utilities, internet, repairs/maintenance, pest control, lawn) Insurance: $15,600. Agents can download reports from MLS docs. Leasing office has on-site staff member/STR Coordinator from Mgmt company. 2 long term units vacant, actively on market to lease. Units are a mix of studio & 1 bedroom. No laundry facilities on site except inside leasing office (not for tenant use). Storage building & storage units for maintenance & STR supplies. Owner pays gas, water, electric and internet. STR furnishings will convey. Office furnishings and certain maintenance/repair supplies will not convey. NO SELLER FINANCING. AGENTS SEE REMARKS.

Location

State AR

County Garland

Rooms

Kitchen Free-Standing Stove, Gas Range, Refrigerator Stays

Interior

Interior Features Dryer Connection-Electric, Hot Water Heater-Gas, Smoke Detector, Washer Connection

Heating Window Units, Floor/Wall Furnace, Central Heat-Electric, Central Heat-Gas

Flooring Vinyl

Exterior

Exterior Feature Brick

Parking Features Other (See Remarks)

Utilities Available Electric-Entergy, Gas-Natural, Sewer-Public, Water-Public

Roof Type Composition

Building

Lot Description Level

Foundation Slab

Level or Stories One Story, Two Story

Schools

School District Hot Springs

Listed by SB Realty & Property Management

NEARBY SCHOOLS & PROPERTIES

Kristi Allred

Agent PBSA00038438

+1(870) 692-6285

Kristi Allred

815 PARK Avenue Hot Springs, AR 71901-0000

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

NEARBY SCHOOLS & PROPERTIES

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815 PARK Avenue