316 Hazel Street,Hot Springs, AR 71901
Hot Springs, AR 71901
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 # | 157620 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 18 |
| Listing Provided By | Progressive Realtors | Shaila Sharrock |
Features
Utilities
| Utilities | Electric-Entergy, Gas-Natural, Water-Public |
|---|
Area Information
| State | AR |
|---|---|
| County | Garland |
| City | Hot Springs |
| Zip Code | 71901 |
| Area | Garland |
| Community Name | HSR BLK 98 |
| School District | Hot Springs |
| Listing VS Median (in HSR BLK 98) | |
Price: $579,000 low | high Med: $579,000 On site: 18 low | high Med: 18 | |
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Learn More About This Property
| State | AR |
|---|---|
| County | Garland |
| City | Hot Springs |
| Zip Code | 71901 |
| Area | Garland |
| Community Name | HSR BLK 98 |
| School District | Hot Springs |
| Listing VS Median (in HSR BLK 98) | |
Price: $579,000 low | high Med: $579,000 On site: 18 low | high Med: 18 | |
