$1,025,000
$1,100,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
139 & 141 Britt Lane Hot Springs, AR 71913
9,470 SqFt
Key Details
Sold Price $1,025,000
Property Type Multi-Family
Sub Type Apartments
Listing Status Sold
Purchase Type For Sale
Square Footage 9,470 sqft
Price per Sqft $108
Subdivision Twin Points
MLS Listing ID 24045667
Sold Date 12/27/24
Style Other (see remarks)
Year Built 1950
Annual Tax Amount $9,145
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Apartments
Property Description
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 converting all of the units to Airbnbs, remodeling the home and/or constructing additional rental units on the property.
Location
State AR
County Garland
Area Hot Springs School District
Zoning Lake
Rooms
Kitchen Other (see remarks)
Interior
Interior Features Washer/Dryer-Comm. In, Smoke Detector
Heating Other (see remarks)
Flooring Tile, Laminate
Equipment Other (see remarks)
Exterior
Exterior Feature Guttering, Dumpster, Deck, Patio, Porch
Parking Features Other (see remarks), Four Car or More
Utilities Available Sewer-Public, Water-Public, Electric-Municipal, TV-Cable
Waterfront Description Dock - Swimming,Other/See Remarks,Boat Slip
Roof Type Metal
Building
Lot Description In Subdivision, River/Lake Area, Common to Lake, Waterfront
Foundation Slab
New Construction No
Schools
Elementary Schools Hot Springs
Middle Schools Hot Springs
High Schools Hot Springs
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Bought with ESQ. Realty Group - Hot Springs