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Harolyn Holmes |
amazinghotsprings.com |
1 acre - MLS# 24006243
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Description
Very rare opportunity to own a 14 unit motel on Lake Hamilton! This one acre lake property boasts 14 charming rental units, along with a unique, historic home built in 1898! This former apartment complex has been totally revamped into a charming short term rental complex. The current owner has made lots of updates throughout the property to meet current short term rental codes. STR permits have been obtained for each of the units. A brand new fire suppression system has been installed throughout the facility. The property has private boat ramp, and Entergy may approve construction of additional boat slips. There is potential to add lots of additional value by converting all of the units to Airbnbs, remodeling the home and/or constructing additional rental units on the property.
Features
- Property Type: Multi Family Home
- Sub Type: Apartments
- Listing Status: Active
- County/Area: Garland County
- Zip Code: 71913
- Year Built: 1950
- Subdivision/Neighborhood: Twin Points
- Elementary School: Hot Springs
- Middle School: Hot Springs
- High School: Hot Springs
- Style: Other (See Remarks)
- Stories: Two Story
- Units: 15 units
- Lot Size: 1 acre
- Listing Office: Esq. Realty Group - Hot Springs
- Waterfront: Dock - Swimming, Other/See Remarks, Boat Slip
- Zoning: Lake
- 1br # Of Units: 14
- 3br # Of Units: 1
- Approx Lot Size: 152' X 261'
- Expenses Include: Taxes
- Exterior: Stucco, Metal/Vinyl Siding
- Exterior Features: Guttering, Dumpster, Deck, Patio, Porch
- Floors: Tile, Laminate
- Foundation: Slab
- Heating And Air Cond: Other (See Remarks)
- Inside City Limits: Yes
- Interior Features: Washer/Dryer-Comm. In, Smoke Detector
- Junior High: Hot Springs
- Kitchen Equipment: Other (See Remarks)
- Lake: Yes
- Lake Name: Hamilton
- Lot: In Subdivision, River/Lake Area, Common To Lake, Waterfront
- Parking: Other (See Remarks), Four Car Or More
- Road Surface: Paved
- Roof: Metal
- Source Of Square Feet: Courthouse
- Tenant Expenses: Other (See Remarks)
- Utilities: Sewer-Public, Water-Public, Electric-Municipal, TV-Cable
4832 Central Ave Hot Springs, AR 71913 501-525-4178
Office: hotspringsrealty.com
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Information last updated on 2024-05-11 06:30:03.
