503 & 505 S Patterson
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-bath units—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: Four-Plex
• Listing Status: Active
• County/Area: Garland County
• Zip Code: 71913
• Year Built: 1980
• School District: Hot Springs
• Style: Traditional
• Stories: 1 Story
• Units: 4 units
• Waterfront: Creek
• 2br # Of Units: 4
• 2br Maximum Rent: 1125
• 2br Minimum Rent: 975
• Approx Lot Size: 0.40
• Ceiling: Sheet Rock
• Directions: Turn West Onto Greenwood Off Central To Right On Patterson.
• Energy Features: Insulated Windows
• Exterior: Brick
• Foundation: Crawl Space
• Garage/Parking: Parking Pads
• Heating/Air Conditioning: Central Cool-Electric, Central Heat-Electric
• Interior Features: Dryer Connection-Electric, Hot Water Heater-Electric, Washer Connection
• Kitchen Equipment: Dishwasher, Electric Range, Free-Standing Stove
• Lease Type: Yearly
• Lot: Level
• Road Surface: Paved
• Roof: Architectural Shingle, Composition
• Source Of Square Feet: Courthouse
• Tenant Expenses: All Utilities
• Utilities: Electric-Entergy, Sewer-Public, TV-Cable, Water-Public
• Walls: Sheet Rock