125 OAK Street, Hot Springs, AR 71901
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125 OAK Street, Hot Springs, AR 71901
125 OAK Street, Hot Springs, AR 71901
125 OAK Street, Hot Springs, AR 71901
125 OAK Street, Hot Springs, AR 71901
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Southern Homes Realty

Southern Homes Realty

+1(870) 942-5560
$ 2,945,000
Est. payment /mo
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125 OAK Street Hot Springs, AR 71901

31 Beds

64,710 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 64,710 sqft

Price per Sqft $45

Subdivision Hsr

MLS Listing ID 155515

Bedrooms 31

Year Built 1913

Annual Tax Amount $18,304

Tax Year 2025

Property Sub-Type Apartment

Property Description

Investors - Look at the returns here. Great property. Roof 2-3 years, HVAC systems 2 years, fully sprinkled fire suppression, elevator, ADA accessibility, common coin laundry room or in unit laundry option, electric metered separately, solid well maintained building, units in excellent repair, great location, tranquil setting with excellent views in all direction, easily +10,000ft²/929m² underutilized space to add additional rental units as desired. Initial major remodel when building was placed back in service approximately 2005 with continued maintenance. 31 total apartments 1br-5, 2br-18, 3br-8 with additional venue rental & party rooms. Historically contributing, but not restricted. Yearly- Electric $16,116, Internet & office phone $6299 (includes Air BnB & 1 Tenant), Water, Sewer, Trash $16,274, Taxes $18,304, Insurance $42,840, Elevator- contract, inspection, permit & emergency phone $5831, Cameras/Security $3617, Fire monitoring and service contract $1834, city business & STR permits $470, Pest & Termite $2024 - Expense $113,609 - Income $455,293 (includes rent, storage, tenant utility contribution, laundry, event space rental, non-refundable pet deposit, pet rent, STR, application fee) NOI $341,684 with a 10% vacancy rate and Cap of 11%. Income reflects some late 2025 downtime for remodel post long term contract. Without adding additional units, realizing $500k+ plus in gross is very reasonable. Owner operated. Leases on file.

Location

State AR

County Garland

Rooms

Kitchen Dishwasher, Electric Range, Free-Standing Stove, Refrigerator Stays

Interior

Interior Features Breakfast Bar, Dryer Connection-Electric, Dryer Stays, Hot Water Heater-Electric, Smoke Detector, Washer Connection, Washer-Stays, Security System, Balcony/Loft, Fan-Ceiling, Handicap Design, Marble

Heating Central Cool-Electric, Central Heat-Electric, Zoned Units

Flooring Partial Carpet, Tile, Vinyl, Wood

Exterior

Exterior Feature Brick

Parking Features Parking Pads

Utilities Available Electric-Entergy, Sewer-Public, Water-Public

Roof Type Flat

Building

Lot Description Corner Lot, In Subdivision, Level, Mountain View, Resort Property, Wooded

Foundation Slab

Level or Stories Four Story

Schools

School District Hot Springs

Listed by Rix Realty - Advantage Team Realtors

NEARBY SCHOOLS & PROPERTIES

Southern Homes Realty

Southern Homes Realty

+1(870) 942-5560

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125 OAK Street