812 Shady Heights Road
Hot Springs, AR 71901

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Description

Prime multifamily investment opportunity in the highly desirable Lakeside School District. This three-duplex portfolio (six total doors) is back on the market following seller requested cosmetic updates, offering a refreshed look, improved condition, and pricing aligned with current market value. Each 2 bedroom, 1 bathroom unit features granite countertops, stainless steel appliances, and a solid long term rental history, making this a low-maintenance, income producing asset ideal for both new and seasoned investors. Tenants pay all utilities, enhancing cash flow and simplifying management. The properties: 812 Shady Heights, 101 & 367 Lance Circle, are clustered together in Lakeside School District, just minutes from shopping, dining, and Lake Hamilton, supporting strong tenant demand and long-term appreciation. Additional upside includes extra land with potential to add another duplex (buyer to verify), creating future expansion and increased returns. 1031 Exchange friendly. Seller is offering a $5,000.00 buyer credit at closing, applicable toward an interest-rate buy-down, discount points, or other lender approved closing costs, subject to loan guidelines.

Features

• Property Type: Multi Family Home
• Sub Type: Duplex
• Listing Status: Active
• County/Area: Garland County
• Zip Code: 71901
• Year Built: 1985
• Subdivision/Neighborhood: Lake Town
• School District: Lakeside
• Sq.Ft.: 1,360 sq ft
• Style: Traditional
• Stories: 1 Story
• Units: 6 units
• Garage: 2 Car
• Lot Size: 13068 sq ft lot
• 2br # Of Units: 6
• 2br Minimum Rent: 980
• Approx Lot Size: 13200
• Ceiling: Sheet Rock
• Directions: From Carpenter Dam Road, Take Shady Grove Road, Left On Shady Heights - Property On Right
• Estimated Annual Taxes: 1153.88
• Exterior: Metal/Vinyl Siding
• Floors: Laminate
• Foundation: Slab
• Garage/Parking: None, Parking Pads, Two Car
• Heating/Air Conditioning: Central Cool-Electric, Central Heat-Electric
• Kitchen Equipment: Free-Standing Stove, Microwave, Refrigerator Stays
• Lease Type: Monthly
• Lot: In Subdivision
• Road Surface: Paved
• Roof: Architectural Shingle
• Source Of Square Feet: Courthouse
• Tenant Expenses: All Utilities
• Utilities: Electric-Entergy, Water-Public
• Walls: Sheet Rock