Description
Investor opportunity with immediate income potential in the heart of Hot Springs. 401 Spring features a well-maintained 2 bedroom, 1 bath home with central heating & air, while 405 Spring offers a separately metered 4-plex comprised of four 1 bedroom, 1 bath units equipped with mini-split systems. Long-term leases are already in place, making this an ideal opportunity for a new investor seeking stable cash flow or an owner-occupant looking to offset expenses with rental income. Yearly: Rent $53,952, Insurance $9000(estimate), Taxes $1268, Lawn $1800(estimate) Water-$4080(metered separately-leases should be amended at renewal.) 401- $1325 405 1-$786 2-$700 3-$820 4-$820 Situated in a quiet and peaceful area, this property package offers excellent upside and strong returns for a savvy investor. The two properties are considered one parcel. This offering is part of a larger investor portfolio that also includes additional multi-family and commercial properties, creating potential for expanded acquisition opportunities. Most units throughout the portfolio are separately metered and have been well maintained with established long-term tenants already in place. Conveniently located near historic downtown Hot Springs, shopping, restaurants, public transportation, and Hot Springs National Park.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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3,064SQFT
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$95$/SQFT
Description
Investor opportunity with immediate income potential in the heart of Hot Springs. 401 Spring features a well-maintained 2 bedroom, 1 bath home with central heating & air, while 405 Spring offers a separately metered 4-plex comprised of four 1 bedroom, 1 bath units equipped with mini-split systems. Long-term leases are already in place, making this an ideal opportunity for a new investor seeking stable cash flow or an owner-occupant looking to offset expenses with rental income. Yearly: Rent $53,952, Insurance $9000(estimate), Taxes $1268, Lawn $1800(estimate) Water-$4080(metered separately-leases should be amended at renewal.) 401- $1325 405 1-$786 2-$700 3-$820 4-$820 Situated in a quiet and peaceful area, this property package offers excellent upside and strong returns for a savvy investor. The two properties are considered one parcel. This offering is part of a larger investor portfolio that also includes additional multi-family and commercial properties, creating potential for expanded acquisition opportunities. Most units throughout the portfolio are separately metered and have been well maintained with established long-term tenants already in place. Conveniently located near historic downtown Hot Springs, shopping, restaurants, public transportation, and Hot Springs National Park.