$579,000
( )
 $3,108 est/mo Sourced by Back At You

316 Hazel Street,Hot Springs, AR 71901

Hot Springs, AR 71901

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Description

Prime Investment Opportunity in Downtown Hot Springs! This income-producing 8-unit studio apartment complex offers an exceptional opportunity for investors seeking consistent cash flow and strong rental demand. Averaging, approximately 95% annual occupancy, with monthly rents ranging from $900-$985 per unit, this established property provides a solid income stream. The units are HUD-approved, and the current owner maintains relationships with multiple housing agencies, helping sustain high occupancy and reliable tenant placement. Situated on a commercially zoned improvement lot in the heart of downtown Hot Springs, the property offers excellent investment potential. The owner is prepared to assist with a seamless transition, including the transfer or handoff of applicable licensing, permits, and operational information. An established, turnkey investment opportunity with proven rental performance and income potential!

Details

MLS #157618
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1930
Days On Site19
Listing Provided ByProgressive Realtors | Shaila Sharrock

Features

SQ Feet3,100
Story(s)2

Taxes

Property1203

Area Information

StateAR
CountyGarland
CityHot Springs
Zip Code71901
AreaGarland
Community NameHSR BLK 98
Listing VS Median (in HSR BLK 98)
Price:
$579,000
low | high
Med:
$579,000
50% of Average
sqft:
3,100
low | high
Med:
3,100
50% of Average
$ / sqft:
$187
low | high
Med:
$187
50% of Average
On site:
19
low | high
Med:
19
100% of Average
Sourced by Back At You

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Additional Information

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Hot Springs Board of Realtors.

Contact

Learn More About This Property

Ron Galloway

Ron Galloway

Trademark Real Estate

 (501) 622-0596rongalloway777@gmail.com
StateAR
CountyGarland
CityHot Springs
Zip Code71901
AreaGarland
Community NameHSR BLK 98
Listing VS Median (in HSR BLK 98)
Price:
$579,000
low | high
Med:
$579,000
50% of Average
sqft:
3,100
low | high
Med:
3,100
50% of Average
$ / sqft:
$187
low | high
Med:
$187
50% of Average
On site:
19
low | high
Med:
19
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $434K - $723K
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
544 PROSPECT Property Photo 1
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544 Prospect
Hot Springs, AR 71901
544 Prospect Property Photo 1
$489,000
544 Prospect
Hot Springs, AR 71901
Listing Updated: October 20, 2026 at 6:05:22 PM PDT