$420,000

116 Manor Cir Unit 1-6 Hot Springs, AR 71901

Estimated payment $2,411/month

Total Views 7
-- Bed
-- Bath
3,840 Sq Ft
$109 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Central Air
  • Space Heater
  • Porch
  • Ceiling Fan
  • Level Lot

About This Home

Turnkey 6-Unit Apartment Complex – Strong Income in the Heart of Hot Springs Excellent investment opportunity! This well-maintained 6-unit apartment complex offers consistent income and solid upside potential in a quiet residential area just minutes from downtown Hot Springs, Oaklawn Racing Casino Resort, and Lake Hamilton. The property features six 1-bedroom, 1-bath units—three upstairs and three downstairs—each with private entry, separate utilities, and off-street parking. Recent updates include new paint, new flooring, refreshed interiors, and ongoing maintenance that keeps the property easy to manage and attractive to long-term tenants. Key Highlights: 6 total units (1BR/1BA each)- Strong rental history / 100% occupancy- Separate electric meters- Off-street parking for tenants- Close to Oaklawn, downtown, and Lakes- Turnkey investment with immediate income- Currently fully occupied, the complex produces reliable cash flow with room to increase rents to market rates.-- Tenants enjoy a peaceful neighborhood setting with convenient access to shopping, dining, and public transit.-- Low vacancy history and simple management make this property ideal for both local and out-of-area investors.

Listing Agent

Kris Tortorice

Lake Hamilton Realty, Inc. License #00061218 Listed on: 10/14/2025

Lake Hamilton Realty, Inc.

Co-Listing Agent

JENNIFER HILTON

Lake Hamilton Realty, Inc. License #SA00085927

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,292

Year Built

  • Built in 1981

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Metal Siding

Interior Spaces

  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Ceiling Fan
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Laminate
  • Vinyl

Utilities

  • Central Air
  • Space Heater
  • Vented Exhaust Fan
  • Electric Water Heater

Additional Features

  • Porch
  • Level Lot

Community Details

Overview

  • 6 Units
  • 3,840 Sq Ft Building
  • Hillgrove Subdivision

Building Details

  • Professional Management Expense $10
  • Water Sewer Expense $230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,292

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Pkg-Single Family
  • Style: Traditional
  • Subdivision: Hillgrove
  • Directions: From Downtown Hot Springs--travel South on Central Ave--Turn Right onto Pond St, which leads to the parking lot and showing entrances--Apartments also have an entrance on 116 Manor Cir
  • Source Of Sq Ft: Courthouse
  • Warranty: Normal Wrkng Ordr, As O&A
  • Geo Longitude: -93.0592454521179
  • OFFICELIST_STATE: AR
  • Street Designation: Circle
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1981

Interior Features

  • Floors: Laminate, Vinyl
  • Interior Amenities: Hot Water Heater-Electric, Smoke Detector, Fan-Ceiling, All Units
  • Stories: Two Story
  • Estimated Year Built: 1981
  • Kitchen Equipment: Dishwasher, Electric Range, Free-Standing Stove, Pantry, Refrigerator Stays, Exhaust Fan
  • Walls: Sheet Rock
  • Ceiling: Sheet Rock

Exterior Features

  • Exterior: Metal/Vinyl Siding
  • Exterior Features: Porch
  • Road Surface: Paved
  • Roof: Composition
  • Foundation: Slab

Garage/Parking

  • Garage: Assigned, Four Car or More, Parking Pads

Utilities

  • Heating Air Conditioning: Central Cool-Electric, Space Heater-Electric
  • Utilities: Electric-Entergy, Sewer-Public, Water-Public
  • Electric Expense: Tenant
  • Water Expense: $230 mo

Fee Information

  • Management Expense: 10%

Schools

  • School District: Hot Springs

Lot Info

  • Geo Subdivision: AR
  • Lot: Level
  • Zoning: Ci

Rental Info

  • Lease Type: Monthly, Yearly

Tax Info

  • Estimated Annual Taxes: 2292
  • Tax Year: 2024

Multi Family

  • 1ba Number Of Units: 6
  • 1br Maximum Rent: 750
  • 1br Minimum Rent: 550
  • 1br Number Of Units: 6
  • Number Units: 6
  • Tenant Expenses: Cable, Electric

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2025 10/14/25 For Sale $420,000 -- $109 / Sq Ft
Source: Hot Springs Board of REALTORS®

Source: Hot Springs Board of REALTORS®

MLS Number: 152901

Hot Springs Board of REALTORS®