503 & 505 S Patterson Street
Hot Springs, AR 71913

Tools & Resources:

Description

Excellent Investment Opportunity! This well-maintained property features two brick duplexes, offering a total of four 2-bedroom, 2-bathunits—a rare and highly desirable layout for both tenants and investors. Situated in a prime, central location, the property is uniquely enhanced by a beautiful creek running along the property, providing a peaceful setting right in the heart of town. Both buildings have undergone significant updates, including new flooring and windows, along with roof and all central air units replaced in 2021, ensuring long-term durability and reduced maintenance expenses. Designed for ease of ownership, these duplexes offer low-maintenance exteriors and strong, consistent rental demand. Units are currently leased for $925–$1,025 per month, with tenants responsible for all utilities, maximizing cash flow. Stable, income-producing property with excellent upside potential!

Features

• Property Type: Multi Family Home
• Sub Type: Fourplex
• Listing Status: New Listing
• County/Area: Garland County
• Zip Code: 71913
• Year Built: 1980
• Subdivision/Neighborhood: Not In Subdivision
• Style: Traditional
• Stories: 1 Story
• Units: 4 units
• Lot Size: 17424 sq ft lot
• Listing Office: White Stone Real Estate
• Waterfront: Creek
• Zoning: Res Imp
• 2br # Of Units: 4
• 2br Maximum Rent: 1125
• 2br Minimum Rent: 925
• Annual Expenses: 5000
• Annual Income: 46800
• Expenses Include: Taxes
• Exterior: Brick
• Floors: Luxury Vinyl
• Foundation: Crawl Space
• Heating And Air Cond: Central Cool-Electric, Central Heat-Electric
• Inside City Limits: Yes
• Interior Features: Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric
• Kitchen Equipment: Free-Standing Stove, Electric Range, Dishwasher
• Lease Type: Yearly
• Lot: Level
• Parking: Parking Pads
• Road Surface: Paved
• Roof: Architectural Shingle
• Source Of Square Feet: Tax Records
• Tenant Expenses: All Utilities
• Utilities: Water-Public, Electric-Municipal