405 Spring Street Hot Springs, AR 71901

PRICED AT $290,000

Listing Details

  • $290,000
  • MLS# 155387
  • Type Multi Unit - Multiple
  • Status Active
  • 110x100 Lot Size
  • 1950 Year Built
  • Hot Springs Local Schools

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...read more

Features

  • 3.0 Stories
  • $1,268 Taxes
  • Built in 1950
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Basement: None
  • Days on Site: 15
  • Exterior: Deck, Partially Fenced, Porch, Patio, Covered
  • Exterior: Frame
  • Fenced: Yes
  • Foundation: Crawl Space
  • Heating/Cooling: Central Cool-Electric, Window Units, Other (See Remarks)
  • Home Style: Victorian, Bungalow/Cottage
  • Lot Description: Corner Lot, Level, Mountain View
  • Lot Dimensions: 110x100
  • Lot Size: 0.25 Acres
  • Road Surface: Paved
  • Roof Type: Architectural Shingle, Composition
  • Stories: 3.0
  • Taxes: $1,268
  • Units: 5
  • Utilities: Electric-Entergy, Gas-Natural, Sewer-Public, Water-Public
  • Year Built: 1950