308 Kleinshore Road
Hot Springs, AR 71913

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Description

Don't miss this rare opportunity to own a 9-unit multifamily property on the beautiful shores of Lake Hamilton, offering immediate income and strong rental appeal. The property features a desirable unit mix with eight 2-bedroom apartments—some offering up to two bathrooms—and one 1-bedroom, 1-bath unit, providing flexibility for a variety of tenants. Boat slips are available for tenants to rent, giving residents the chance to fully enjoy lakefront living. Each unit is filled with natural light, creating warm, inviting spaces that tenants will love. Step outside to take in breathtaking lake views—an amenity that consistently drives demand and adds long-term value. Whether you're expanding your investment portfolio or looking for a dependable income-producing property in a prime waterfront location, this is an opportunity with both immediate returns and future potential.

Features

• Property Type: Multi Family Home
• Sub Type: Apartments
• Listing Status: New Listing
• County/Area: Garland County
• Zip Code: 71913
• Year Built: 1980
• Subdivision/Neighborhood: 8-3s-19w Unplatted Hot S
• Style: Traditional
• Stories: 2 Story
• Units: 9 units
• Lot Size: 0.53 acres
• Listing Office: Crye-leike Realtors
• View: Yes, See Lot
• Waterfront: Boat Slip
• 1ba # Of Units: 6
• 1br # Of Units: 1
• 1br Maximum Rent: 895
• 1br Minimum Rent: 895
• 2ba # Of Units: 3
• 2br # Of Units: 8
• 2br Maximum Rent: 1100
• 2br Minimum Rent: 500
• Annual Income: 70800
• Approx Lot Dimensions: . 53 Acres
• Expenses Include: Insurance, Trash, Water/Sewer, Pest Control
• Exterior: Other (See Remarks)
• Exterior Features: Partially Fenced, Deck, Patio
• Floors: Partial Carpet, Tile, Laminate
• Foundation: Slab
• Heating And Air Cond: Central Cool-Electric, Central Heat-Electric
• Interior Features: Washer-Stays, Dryer Connection-Electric, Fan - Ceiling
• Kitchen Equipment: Built-In Stove, Microwave, Dishwasher
• Lake: Yes
• Lake Name: Hamilton
• Lease Type: Yearly
• Lot: Lake View, Lake Front
• Parking: Parking Pads, Assigned
• Road Surface: Paved
• Roof: Composition
• Source Of Square Feet: Courthouse
• Tenant Expenses: Electric
• Unit 1: 700-Rent, 2-Bed, 2-Bath
• Unit 2: 1100-Rent, 2-Bed, 1.5-Bath
• Unit 3: 895-Rent, 1-Bed, 1-Bath
• Unit 4: 800-Rent, 2-Bed, 1-Bath
• Unit 5: 600-Rent, 2-Bed, 1-Bath
• Unit 6: 550-Rent, 2-Bed, 1-Bath
• Unit 7: 500-Rent, 2-Bed, 1-Bath
• Unit 8: 750-Rent, 2-Bed, 2-Bath
• Unit 9: 750-Rent, 2-Bed, 2-Bath
• Utilities: Sewer-Public, Water-Public, Electric-Municipal