116 Manor Circle
Hot Springs, AR 71913

Tools & Resources:

Description

Turnkey 6-Unit Apartment Complex – Strong Income in the Heart of Hot Springs. Excellent investment opportunity! This well-maintained 6-unit complex offers consistent income and solid upside potential in a quiet residential area, minutes from downtown Hot Springs, Oaklawn Racing Casino Resort, and Lake Hamilton. The property features six 1-br, 1-bath units—3 upstairs and 3 downstairs—each with private entry, separate utilities, and off-street parking. Recent updates include new paint, new flooring, refreshed interiors, and ongoing maintenance that keeps the property easy to manage and attractive to long-term tenants. Key Highlights: 6 total units (1BR/1BA each)- Strong rental history/100% occupancy- Separate electric meters-Off-street parking for tenants-Turnkey investment with immediate income- The complex produces reliable cash flow with room to increase rents to market rates.--Tenants enjoy a peaceful neighborhood setting with convenient access to shopping, dining, and public transit.-- Low vacancy history and simple management make this property ideal for both local and out-of-area investors.

Features

• Property Type: Multi Family Home
• Sub Type: PKG Single Family
• Listing Status: Active
• County/Area: Garland County
• Zip Code: 71913
• Year Built: 1981
• Subdivision/Neighborhood: Hill Grove
• Elementary School: Hot Springs
• Middle School: Hot Springs
• High School: Hot Springs
• Style: Traditional
• Stories: 2 Story
• Units: 6 units
• Lot Size: 11326 sq ft lot
• Listing Office: Lake Hamilton Realty, Inc.
• Zoning: Cl
• 1ba # Of Units: 6
• 1br # Of Units: 6
• 1br Maximum Rent: 750
• 1br Minimum Rent: 550
• Annual Expenses: 20419
• Annual Income: 50940
• Approx Lot Dimensions: 79 X 141
• Ceiling: Sheet Rock
• Expenses Include: Taxes, Insurance, Maint./Lawn Care, Management, Trash, Water/Sewer, Pest Control
• Exterior: Metal/Vinyl Siding
• Exterior Features: Patio, Covered
• Floors: Laminate, Luxury Vinyl
• Foundation: Slab
• Heating And Air Cond: Central Heat-Electric
• Inside City Limits: Yes
• Interior Features: Hot Water Heater-Electric, Smoke Detector, All Units
• Junior High: Hot Springs
• Kitchen Equipment: Free-Standing Stove, Electric Range, Dishwasher, Pantry, Refrigerator-Stays
• Lease Type: Monthly, Yearly
• Lot: Level
• Parking: Parking Pads, Assigned, Four Car Or More
• Road Surface: Paved
• Roof: Composition
• Source Of Square Feet: Courthouse
• Tenant Expenses: Electric, Cable
• Unit 1: 700-Rent, 1-Bed, 1-Bath
• Unit 2: 750-Rent, 1-Bed, 1-Bath
• Unit 3: 745-Rent, 1-Bed, 1-Bath
• Unit 4: 750-Rent, 1-Bed, 1-Bath
• Unit 5: 550-Rent, 1-Bed, 1-Bath
• Unit 6: 750-Rent, 1-Bed, 1-Bath
• Utilities: Sewer-Public, Water-Public, Electric-Municipal, TV-Cable
• Walls: Sheet Rock