538 Prospect
Hot Springs, AR 71901

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Description

WELCOME TO HISTORIC PROSPECT MANOR. This Mediterranean Style Revival home offers 7 beautifully and meticulously renovated rental units. Located in the Quapaw/Prospect Historic District and just minutes from Bath House Row and hiking trails on West Mountain. This property offers a unique opportunity to live in one apartment and have immediate income from the others or use them all as income producing units. This historic renovation closely follows the Arkansas Heritage Foundation specifications and is a show piece to admire. From claw foot tubs, mosaic tiles, stained glass, antique light fixtures, and side board sinks, every corner offers another treasure to discover. The renovations include everything from the roof to the foundation. Including plumbing, wiring, shingles and roof decking, wood and tile flooring, windows, paint, custom cabinets, appliances, HVAC, tubs/showers, 2nd floor laundry with 2 new stackable units. Each unit has high ceilings, new appliances and period appropriate fixtures. A state-of-the-art fire suppression system was installed ($100k expense), and includes a monitored fire alarm system and sprinklers inside all units, common spaces, and storage areas. Currently rent covers all utilities including internet. Off-street parking behind the building allows for ease of access to your upstairs units. No historic renovation in Hot Springs rivals this one, and now the home is positioned to last another century as part of this great city.

Features

• Property Type: Multi Family Home
• Sub Type: Apartment
• Listing Status: Active
• County/Area: Garland County
• Zip Code: 71901
• Year Built: 1910
• Subdivision/Neighborhood: Hsr Blk 101
• School District: Hot Springs
• Sq.Ft.: 6,348 sq ft
• Style: Colonial
• Stories: 2 Story
• Units: 7 units
• Lot Size: 14375 sq ft lot
• 1br # Of Units: 6
• 2br # Of Units: 1
• Approx Lot Size: 14201
• Directions: Central Ave Towards Downtown Hot Springs. L On Prospect (Next To Maxine's). Home Is On The R.
• Energy Features: Insulated Windows
• Estimated Annual Taxes: 2039
• Heating/Air Conditioning: Central Cool-Electric, Central Heat-Gas
• Interior Features: Dryer Connection-Gas, Smoke Detector, Washer Connection
• Kitchen Equipment: Built-In Stove, Dishwasher, Microwave, Refrigerator Stays
• Lot: Level, Sloped
• Road Surface: Paved
• Roof: Metal
• Source Of Square Feet: Courthouse
• Tenant Expenses: Other (See Remarks)
• Utilities: Sewer-Public, Water-Public