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116 Manor Circle , 1-6

Hot Springs, AR 71913
  • $420,000
  • STATUS: Active
  • ON SITE: 90 Days
  • MLS #: 152901
UPDATED: 40 min ago
$420,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,840
    SQFT
  • $109
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1981
County:
Area:

School Ratings & Info

School District:

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.

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www.lakehamiltonlakehomes.com/homes/168884554
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116 Manor Circle , 1-6 Hot Springs, AR 71913

  • Price: $420,000
  • Status: Active
  • On Site: 90 Days
  • Updated: 40 min ago
  • MLS #: 152901
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,840
SQFT
$109
$/SQFT
1981
Built
Neighborhood:
Hillgrove
County:
Garland
Area:
Hot Springs
School District:
Hot Springs
Property 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.
Exterior Features

Exterior Metal/Vinyl Siding Exterior Features Porch Foundation Slab Lot Level Roof Composition

Interior Features

Basement None Ceiling Sheet Rock Floors LaminateVinyl Garage AssignedFour Car or MoreParking Pads Garage Type None Heating Air Conditioning Central Cool-ElectricSpace Heater-Electric Interior Features Hot Water Heater-ElectricSmoke DetectorFan-CeilingAll Units Kitchen Equipment DishwasherElectric RangeFree-Standing StovePantryRefrigerator StaysExhaust Fan Stories Two Story Walls Sheet Rock

Property Features

1ba Number Of Units 6 1br Maximum Rent 750 1br Minimum Rent 550 1br Number Of Units 6 2br Number Of Units 0 3br Number Of Units 0 Approx Lot Size 79 x 141 Association Condo Fee 0 Electric Expense Tenant Estimated Annual Taxes 2292 Expenses Include TaxesInsuranceMaintenance/Lawn CareManagementTrashWater/SewerPest Control Lease Type MonthlyYearly Management Expense 10% Possession At Closing Road Surface Paved Sale Rent For Sale Style Traditional Tax Year 2024 Tenant Expenses CableElectric Type Pkg-Single Family Utilities Electric-EntergySewer-PublicWater-Public Warranty Normal Wrkng OrdrAs O&A Water Expense $230 mo Will Subdivide YN No Zoning1 Ci

 
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Rachelle McClard | Lake Homes Realty
250 Ledgerwood Rd Apt 15
Hot Springs AR, 71913