$425,000
$30K PRICE DROP

116 Manor Cir Hot Springs, AR 71901

Estimated payment $2,545/month

Total Views 6,629
-- Bed
-- Bath
3,840 Sq Ft
$111 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • Level Lot
  • Porch
  • Ceiling Fan
  • Vinyl Flooring

About This Home

This is a wonderful rental complex--It is Fully occupied and 1 resident has been there 12 yrs! It's very close to Bus Routes, Downtown Hot Springs and the Bypass. Owners provide water/trash and lawn service and tenants provide everything else... Out of state owners are going in a different direction and have decided to sell. RENT ROLL AVAILABLE TO QUALIFIED BUYERS! Fully occupied, 3 upstairs and 3 downstairs units...All are 1 Br 1 Bth--Many renovations have been done, including paint, flooring, several appliances and several HVAC systems--New Iron and Wood stairs to the top 3 units were built in 2024. All units are Central Heat and Air. Each unit has 2 Entrances, 1 on the parking lot side and 1 on the Manor Cir side. ALL 9' CEILINGS.. Very Nice Tenants in place that always pay on time and cause no issues! 24 HR NOTICE FOR ALL SHOWINGS

Listing Agent

Kris Tortorice

Lake Hamilton Realty, Inc. License #00061218 Listed on: 02/04/2025

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 Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Porch
  • Level Lot

Community Details

Overview

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

Pet Policy

  • Pet Restriction

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--head South on Central Ave--Turn Right onto Pond St, which leads to the main parking lot and showing entrances--Apartments also have an entrance on 116 Manor Cir...But the Pond St entrance is easier for showing.
  • Source Of Sq Ft: Courthouse
  • Warranty: Normal Wrkng Ordr, As O&A
  • Second Address Number: 116
  • Geo Longitude: -93.0590952484131
  • 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
  • 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, Central Heat-Electric
  • Utilities: Electric-Entergy, Sewer-Public, Water-Public
  • Electric Expense: Tenant
  • Water Expense: 230 mo

Condo/Co-op/Association

  • Frequency: Annual

Fee Information

  • Management Expense: 10%

Schools

  • School District: Hot Springs
  • School District: Hot Springs

Lot Info

  • Estimated Lot Size: 79 x 141
  • Geo Subdivision: AR
  • Lot: Level
  • Zoning: CI

Rental Info

  • Lease Type: Monthly, Yearly, Restrictions on Pets

Tax Info

  • Estimated Annual Taxes: 2292
  • Tax Year: 2024

Multi Family

  • 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 Change Sq Ft Price
05/28/2025 05/28/25 Price Changed $425,000 -5.6% $111 / Sq Ft
04/02/2025 04/02/25 Price Changed $450,000 -1.1% $117 / Sq Ft
02/03/2025 02/03/25 For Sale $455,000 +59.6% $118 / Sq Ft
01/28/2022 01/28/22 Sold $285,000 0.0% $74 / Sq Ft
01/11/2022 01/11/22 Pending -- -- --
07/13/2021 07/13/21 For Sale $285,000 -- $74 / Sq Ft
Source: Hot Springs Board of REALTORS®

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Source: Hot Springs Board of REALTORS®

MLS Number: 149536

Hot Springs Board of REALTORS®