5703 CENTRAL AVENUE Active Save Request In-Person Tour Request Virtual Tour
Hot Springs,AR 71913
Key Details
Property Type Multi-Family
Sub Type Apartments
Listing Status Active
Purchase Type For Sale
Square Footage 13,846 sqft
Price per Sqft $101
Subdivision Metes & Bounds
MLS Listing ID 25027704
Style Other (see remarks)
Annual Tax Amount $66,284
Lot Size 0.590 Acres
Acres 0.59
Property Sub-Type Apartments
Property Description
This property is in the process of converting the apartments to Condos. Great investment opportunity for a renovation and cash-flow or flip! These are priced at 48% of the most inexpensive condos in all of Garland County. Located directly on Central Ave and in the Lakeside School District, these condos are in one of the best locations in Hot Springs. There are 19 condos in the complex - 14 one bedrooms and 5 two bedrooms. The after repair value once renovated will be about $200k per condo, totalling $3.8 million once all sold. They are located in the county and are approved for Short Term Rentals - giving the buyer flexibility to flip, rent long term, and or run as short term rentals. You can purchase all or seller is willing to sell them individually for $90,000.00 each
Location
State AR
County Garland
Area Lakeside School District
Zoning COMM. INPR
Rooms
Basement None
Kitchen Other (see remarks)
Interior
Heating Central Cool-Electric,Central Heat-Electric
Flooring Other (see remarks)
Equipment Other (see remarks)
Exterior
Exterior Feature Dumpster
Parking Features Other (see remarks)
Utilities Available Electric-Municipal,Sewer-Public,Water-Public
Roof Type Metal
Building
Lot Description Level
Foundation Slab
New Construction No
Schools
Elementary Schools Lakeside
Others
Virtual Tour https://idx.paradym.com/idx/5703-CENTRAL-AVENUE-Hot-Springs-AR-71913/4904134