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About This Home
This 0-bedroom, 0-bathroom multi-family at 5703 CENTRAL AVENUE in Hot Springs, AR is listed for $994,400 ($72 per sqft). the home offers 13,846 sqft of living space on a 0.59 acres lot.
First 18 pictures are rendering's of how it could look. "Great investment opportunity, with 19 units in prized Lakeside School District and a quarter miles access to Lake Hamilton. Renovate the units or use our architectural blue prints to increase unit sq ft and overall value.
Total units 19: total built out units 18 with 8 units via 4 duplexes in the back of the property and 10 finished units and 1 unfinished unit in the front building. Recently converted to condos giving investor opportunity to sell for higher LTV down the road.
Renovate then lease all yearly or even all Airbnb (no permit req'd as located in Garland County, outside of city of Hot Springs limits) and/or sell all units. The investor would own the entire condo association and all units in it." If renovated into the plans, the investor would have: 8 3 bed/2.5 baths, 8 2 bed/2 baths, and 3 1 bed/1.5 baths.
We envisioned having the main building be accessible on Central with a slider gate at the front and fencing around, then adding either carports or garages (11) parallel to the 11 unit main building. Then in for the back 8 units, have another gate entering from Long Beach with 8 covered parking or garages.
Key Features
- 0.59 acre lot
Property Details
Monthly Cost Estimate
$5,318/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5703 CENTRAL AVENUE
Hot Springs, AR 71913
Metes & Bounds
Features & Amenities
Exterior Features
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 5703 CENTRAL AVENUE is listed at $994,400 ($72/sqft). The estimated monthly payment is $4,309 based on 20% down at 6.5% interest.
Key features include: 0.59 acre lot. Exterior Features: Dumpster.
This property is listed by Greg Calaway and can be reached at 5015291921 or gregcalaway@bpmrealtors.com.








