New Listing
$3,000,000
 $16,105 est/mo Sourced by Back At You

815 Park Avenue,Hot Springs, AR 71901

Hot Springs, AR 71901

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Description

A hybrid investment opportunity in the heart of one of Arkansas's most vibrant tourism destinations! This renovated 31 unit apartment complex offers the best of both worlds: consistent 18 long-term rental income paired with 13 short-term units and a 2,000sqft on-site leasing office. Past 12 months income: $274,205 (rent, fees, utility fees) 12 month expenses: $113,890 (mgmt, utilities, internet, repairs/maintenance, pest control, lawn) Insurance: $15,600. Agents can download reports from MLS docs. Leasing office has on-site staff member/STR Coordinator from Mgmt company. 2 long term units vacant, actively on market to lease. Units are a mix of studio & 1 bedroom. No laundry facilities on site except inside leasing office (not for tenant use). Storage building & storage units for maintenance & STR supplies. Owner pays gas, water, electric and internet. STR furnishings will convey. Office furnishings and certain maintenance/repair supplies will not convey. NO SELLER FINANCING. AGENTS SEE REMARKS.

Details

MLS #157934
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1940
Days On Site1
Listing Provided BySB Realty & Property Management | ERIKA SISSON

Features

Interior

Interior FeaturesDryer Connection-Electric, Hot Water Heater-Gas, Smoke Detector, Washer Connection

Exterior

Exterior FeaturesPartially Fenced, Outside Storage Area, Dumpster
FoundationSlab

Utilities

UtilitiesElectric-Entergy, Gas-Natural, Sewer-Public, Water-Public

Taxes

Property13559

Area Information

StateAR
CountyGarland
CityHot Springs
Zip Code71901
AreaGarland
School DistrictHot Springs
Listing VS Median (in 71901)
Price:
$3,000,000
low | high
Med:
$349,950
100% of Average
On site:
1
low | high
Med:
66.5
2% of Average
Sourced by Back At You

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Additional Information

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Contact

Learn More About This Property

Michelle Fakouri

Michelle Fakouri

Trademark Real Estate

 (870) 224-2528michellefakouri@gmail.com
StateAR
CountyGarland
CityHot Springs
Zip Code71901
AreaGarland
School DistrictHot Springs
Listing VS Median (in 71901)
Price:
$3,000,000
low | high
Med:
$349,950
100% of Average
On site:
1
low | high
Med:
66.5
2% of Average
Sourced by Back At You
Listing Updated: November 10, 2026 at 6:09:16 PM PST