Property Description

The first 18 pictures are renderings of the potential for this Property."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. Serious investors only, call regarding financing." 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. There'd be a green area between the buildings. They'd be fully enclosed, gated, lit, with carports/garages, and fully renovated located in LSSD. We have tried to get a renovation loan on it and due to the fact that we are no longer local, it has proven difficult. We had most units vacated to begin renovating with 4 total occupancies in the back duplexes. Owner added $48k in CAPEX by replacing all of the gas lines to every unit.

Property Features

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