Rare opportunity to acquire a stabilized 12-unit apartment community in one of Arkansas’ most desirable and supply-constrained rental and short-term rental markets. This two-story property consists of six units on the upper level and six units on the lower level, with convenient paved off-street parking for tenants. All units are spacious 2 bed / 1 bath layouts averaging approximately 805 square feet, offering an attractive and highly rentable unit mix for the local workforce and long-term tenant base. Current ownership has maintained consistently full occupancy while keeping rents below market, providing immediate upside for an investor seeking yield and appreciation through strategic rent increases and light interior renovations.
| MLS # | 26033528 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-family |
| Sub-Type | For-lease |
| Status | New Listing |
| Year | 2003 |
| Days On Site | 9 |
| Listing Provided By | Homecoin.com | Jonathan Minerick |
| SQ Feet | 9,656 |
|---|---|
| Story(s) | 2 |
| Acreage | 1.12 |
| Exterior | Brick & Frame Combo, Vinyl Siding |
|---|---|
| Roof | Architectural Shingle |
| Foundation | Slab, None |
| Utilities | Sewer-Public, Water-Public |
|---|
| Property | 5634 |
|---|
| State | AR |
|---|---|
| County | Garland |
| City | Hot Springs |
| Zip Code | 71913 |
| Area | HOT SPRINGS SCHOOL DISTRICT |
| Subarea | HOT SPRINGS SCHOOL DISTRICT |
| Community Name | AR |
| Listing VS Median (in AR) | |
Price: $895,000 low | high Med: $300,000 sqft: 9,656 low | high Med: 22,444 $ / sqft: $93 low | high Med: $116 On site: 9 low | high Med: 37.5 | |
| State | AR |
|---|---|
| County | Garland |
| City | Hot Springs |
| Zip Code | 71913 |
| Area | HOT SPRINGS SCHOOL DISTRICT |
| Subarea | HOT SPRINGS SCHOOL DISTRICT |
| Community Name | AR |
| Listing VS Median (in AR) | |
Price: $895,000 low | high Med: $300,000 sqft: 9,656 low | high Med: 22,444 $ / sqft: $93 low | high Med: $116 On site: 9 low | high Med: 37.5 | |