155 Lake Vista Cove
Hot Springs, AR 71913

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Description

Fully renovated income-producing duplex located at 155 Lake Vista Cove in a desirable area of Hot Springs. This property offers an excellent opportunity for investors as well as buyers looking to take advantage of owner-occupant financing options. The duplex features two thoughtfully designed units: Unit B is a spacious 3 bedroom, 2 bathroom, while Unit A offers a comfortable 2 bedroom, 1 bathroom layout. Both units have been extensively remodeled, creating modern, refreshed living spaces that appeal to today's renters. Major updates include a brand-new roof, new HVAC system, and updated plumbing, giving the next owner peace of mind knowing that the big-ticket systems have already been addressed. The renovations throughout the property maximize the functionality of the space and make each unit move-in ready. One unit is currently leased month to month at $1,200 per month, while the second unit is being marketed for rent around $1,500 per month, creating an estimated total monthly rental income between approximately $2,700 and $3,000**. With improvements already completed, this property offers a largely turnkey investment with strong cash-flow potential. Located in a great area with access to a desirable school district, tenants benefit from a quiet residential setting while still being conveniently close to shopping, dining, and everything Hot Springs has to offer. FHA buyers should take special note of this opportunity. With low down payment financing options available, buyers may be able to live in one unit while renting the other, allowing the rental income to help significantly offset — or potentially cover — the monthly mortgage payment. It's a unique chance to build equity while someone else helps pay the note. Whether you're looking to expand your investment portfolio, secure a cash-flowing property, or maximize the benefits of owner-occupant financing, this renovated duplex offers a rare opportunity in the Hot Springs market.

Features

• Property Type: Multi Family Home
• Sub Type: Duplex
• Listing Status: Active
• County/Area: Garland County
• Zip Code: 71913
• Year Built: 1997
• Subdivision/Neighborhood: Lake Vista Est
• School District: Lake Hamilton
• 2br # Of Units: 1
• 3br # Of Units: 1
• Approx Lot Size: . 17
• Directions: Take A Right Off Of Marion Anderson Onto North Shore Drive And Then Turn Right On Romax And Then Another Right Onto Lake Vista Cove.
• Tenant Expenses: Electric, Gas, Sewer, Water
• Utilities: Electric-Entergy, Gas-Natural, Sewer-Public, Water-Public