Brick Real Estate is proud to present the exclusive listing of the 88 unit Chapel Ridge community located in the Hot Springs, AR MSA. Built in 1999, Chapel Ridge is a rare Class “B” garden-style asset that offers a light value-add opportunity for an opportunistic buyer. Chapel Ridge offers an attractive unit mix of one, two, and three bedroom units with an average of 908 square feet. All units come fully equipped with washer and dryer hookups, large closets, and an eat in kitchen area. Chapel Ridge has undergone significant capital improvements under ownership including all new roofs, vinyl siding, and gutters completed in September of 2024. In addition to the exterior renovations, approximately 50% of the units have newer luxury vinyl plank flooring throughout. A market analysis show that with interior renovations and updates, rent premiums of $50-100 per unit can be achieved.