Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1980
Sq.Footage
18,746
Discover an incredible investment opportunity with this 17-unit multi- family condominium complex, located on the shores of Lake Hamilton in Hot Springs, Arkansas. Boasting a market net operating income (NOI) of $195,738, this property promises solid returns and exciting growth potential. This lakefront complex is not only a secure income-generating asset but also a unique opportunity for further development in a highly desirable location. A designated area within the lot is ready for the construction of up to 7 additional 3-bedroom,2-bathroom units, providing an opportunity to increase revenue and enhance the property’s value.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
1.76
-
Property Type
Residential Income
-
Architectural Style
Traditional
Exterior
-
Garage
No
-
Construction Materials
Brick, Frame
Financial
-
Sales Price
$3,250,000
-
Tax Amount
11123.0
-
Zoning
Multi
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Location
County
Garland
Elementary School
Middle School
High School
Listing Courtesy of David Hall , The Goff Group Real Estate Company
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Broker / Owner / REALTOR®
MikkiDennis
Call Mikki today to schedule a private showing.
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