AR > Hot Springs > Metes & Bounds
Hot Springs, AR 71913,5703 CENTRAL AVENUE
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Hot Springs, AR 71913,5703 CENTRAL AVENUE
Hot Springs, AR 71913,5703 CENTRAL AVENUE
Hot Springs, AR 71913,5703 CENTRAL AVENUE
Hot Springs, AR 71913,5703 CENTRAL AVENUE
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Brittany Roberts

Brittany Roberts

+1(479) 394-7676
$ 1,597,000
Est. payment /mo
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5703 CENTRAL AVENUE Hot Springs, AR 71913

13,846 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apartments

Listing Status Active

Purchase Type For Sale

Square Footage 13,846 sqft

Price per Sqft $115

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 Sewer-Public, Water-Public, Electric-Municipal

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

Listed by Baxley-Penfield-Moudy Realtors • Greg M Calaway
agent

Brittany Roberts

Owner & Executive Broker | License ID: EB0090596

+1(479) 394-7676

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5703 CENTRAL AVENUE