Property
Beds
7
Full Baths
None
1/2 Baths
None
Year Built
1930
Sq.Footage
5,075
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.
Features & Amenities
Interior
-
Total Bedrooms
7
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Window Unit(s)
Exterior
-
Garage
No
-
Construction Materials
Frame
-
Patio and Porch Features
Porch
-
Pool
No
Area & Lot
-
Lot Features
Level
-
Lot Size(acres)
0.31
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Other (see remarks)
Price
-
Sales Price
$425,000
-
Tax Amount
1767.0
-
Zoning
RN-2
-
Sq. Footage
5, 075
-
Price/SqFt
$83
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
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Location
County
Garland
Elementary School
Middle School
High School
Listing Courtesy of Andrea Marks , Hot Springs 1st Choice Realty
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REALTORĀ®
SheryRagsdale
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