139-141 Britt Ln - Hospitality FOR SALE


Hot Springs, AR 71913
$1,100,000 USD
501-609-6493
139-141 Britt Ln, Hot Springs, AR for Sale
$1,100,000 USD
Hospitality - FOR SALE
1/31
null | Request Cap Rate

139-141 Britt Ln
Hot Springs, AR 71913


HIGHLIGHTS

  • Direct frontage on Lake Hamilton with boat dock and boat ramp
  • Room to construction additional units
  • Brand new fire suppression just installed; 14 short term rental permits to convert units to short term rentals

OVERVIEW

Very rare opportunity to own a 14 unit motel on Lake Hamilton! This one acre lake property boasts 14 charming rental units, along with a unique, historic home built in 1898! This former apartment complex has been totally revamped into a charming short term rental complex. The current owner has made lots of updates throughout the property to meet current short term rental codes. STR permits have been obtained for each of the units. A brand new fire suppression system has been installed throughout the facility. The property has private boat ramp, and Entergy may approve construction of additional boat slips. There is potential to add lots of additional value by remodeling the home, converting all of the units to Airbnbs, and/or constructing additional rental units on the property.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$116 USD /SF

# OF ROOMS

14

PRICE/ROOM

$78,571 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Twin Points Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Comm

APN/PARCEL ID

017198

ASK ABOUT THIS PROPERTY

Beau DurbinESQ Realty GroupMore Info
501-609-6493

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Beau DurbinESQ Realty GroupMore Info
501-609-6493

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