1203 Marion Anderson Rd - Apartments FOR SALE


Hot Springs, AR 71913
$3,250,000 USD
501-276-2280
1203 Marion Anderson Rd, Hot Springs, AR for Sale
$3,250,000 USD
Apartments - FOR SALE
1/30
null | 6.02% Cap Rate

1203 Marion Anderson Rd
Hot Springs, AR 71913


HIGHLIGHTS

  • Positioned in a quiet, peaceful area on West end of Lake Hamilton, Earl’s Point offers a unique opportunity to a 17-unit condominium project
  • New roofs (2024)
  • New carpet in certain units
  • Stoves, refrigerators, washers
  • Decks
  • New individual water meters for all units

OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

17

PRICE/UNIT

$191,176

CAP RATE

6.02%

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Earl’s Point Condominiums

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

-

APN/PARCEL ID

090465

ASK ABOUT THIS PROPERTY

David HallThe Goff GroupMore Info
501-276-2280

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David HallThe Goff GroupMore Info
501-276-2280

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.