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Harolyn Holmes 4832 Central Ave Suite C |
amazinghotsprings.com |
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Description
Turnkey 6-Unit Apartment Complex – Strong Income in the Heart of Hot Springs Excellent investment opportunity! This well-maintained 6-unit apartment complex offers consistent income and solid upside potential in a quiet residential area just minutes from downtown Hot Springs, Oaklawn Racing Casino Resort, and Lake Hamilton. The property features six 1-bedroom, 1-bath units—three upstairs and three 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- Close to Oaklawn, downtown, and Lakes- Turnkey investment with immediate income- Currently fully occupied, 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: Hillgrove
- School District: Hot Springs
- Sq.Ft.: 3,840 sq ft
- Style: Traditional
- Stories: 2 Story
- Units: 6 units
- Garage: 4+ Car
- Zoning: Ci
- 1ba # Of Units: 6
- 1br # Of Units: 6
- 1br Maximum Rent: 750
- 1br Minimum Rent: 550
- Approx Lot Size: 79 X 141
- Ceiling: Sheet Rock
- Directions: From Downtown Hot Springs--travel South On Central Ave--turn Right Onto Pond St, Which Leads To The Parking Lot And Showing Entrances--apartments Also Have An Entrance On 116 Manor Cir
- Electric Expense: Tenant
- Estimated Annual Taxes: 2292
- Expenses Include: Taxes, Insurance, Maintenance/Lawn Care, Management, Trash, Water/Sewer, Pest Control
- Exterior: Metal/Vinyl Siding
- Exterior Features: Porch
- Floors: Laminate, Vinyl
- Foundation: Slab
- Garage/Parking: Assigned, Four Car Or More, Parking Pads
- Heating/Air Conditioning: Central Cool-Electric, Space Heater-Electric
- Interior Features: Hot Water Heater-Electric, Smoke Detector, Fan-Ceiling, All Units
- Kitchen Equipment: Dishwasher, Electric Range, Free-Standing Stove, Pantry, Refrigerator Stays, Exhaust Fan
- Lease Type: Monthly, Yearly
- Lot: Level
- Management Expense: 10%
- Road Surface: Paved
- Roof: Composition
- Source Of Square Feet: Courthouse
- Tenant Expenses: Cable, Electric
- Utilities: Electric-Entergy, Sewer-Public, Water-Public
- Walls: Sheet Rock
- Water Expense: $230 Mo
4832 Central Ave Hot Springs, AR 71913 501-525-4178
Office: hotspringsrealty.com
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Information last updated on 2026-01-12 12:30:02.
