Seller's Agent in 2024
Beau Durbin
ESQ. Realty Group - Hot Springs
(501) 609-6493
39 in this area
260 Total Sales
--
Bed
--
Bath
50,438
Sq Ft
1.15
Acres
Highlights
- 1.15 Acre Lot
- Central Heating and Cooling System
- Level Lot
- Wood Flooring
About This Home
As of October 2024Built in 1925, the former Hot Springs High School annex building is part of Hot Springs' history. Famous for being the school attended by former President Bill Clinton, the building has been converted into 38 loft-style apartments, offering a variety of charming, well-designed units consisting of four 2BR/1BA units, four 1BR/1BA units and thirty loft-style units. Currently 37 of the 38 units are occupied, providing immediate rental income, while one unit is undergoing repairs and will soon be ready for a new tenant. A portion of the old gymnasium has been transformed into apartments, with ample space to add up to 8 smaller apartments or 4 larger apartments. Alternatively, the gym could be repurposed as a recreation area for tenants. The building features a shared on-site laundry facility and a fire suppression system for added safety. The building is commercially zoned and given its prime location near downtown Hot Springs, these apartments would also make excellent short-term rentals. The property offers on-site parking, supplemented by an additional parking lot across the street which is included in the sale. Historic tax credits may be available for improvements.
Property Details
Home Type
- Apartment
Year Built
- Built in 1925
Lot Details
- 1.15 Acre Lot
- Level Lot
Parking
- Parking Pad
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 50,438 Sq Ft Home
- 3-Story Property
Kitchen
- Electric Range
- Stove
Flooring
- Wood
- Tile
Schools
- Hot Springs Elementary And Middle School
- Hot Springs High School
Utilities
- Central Heating and Cooling System
Community Details
- 38 Units
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/31/2024 10/31/24 | Sold | $2,300,000 | -7.1% | $46 / Sq Ft |
| 08/24/2024 08/24/24 | Pending | -- | -- | -- |
| 07/22/2024 07/22/24 | For Sale | $2,475,000 | +13.8% | $49 / Sq Ft |
| 01/06/2022 01/06/22 | Sold | $2,175,000 | 0.0% | $43 / Sq Ft |
| 12/07/2021 12/07/21 | Pending | -- | -- | -- |
| 10/11/2021 10/11/21 | For Sale | $2,175,000 | +613.1% | $43 / Sq Ft |
| 12/20/2012 12/20/12 | Sold | $305,000 | -49.2% | $14 / Sq Ft |
| 11/20/2012 11/20/12 | Pending | -- | -- | -- |
| 06/01/2012 06/01/12 | For Sale | $599,900 | -- | $29 / Sq Ft |
Source: Cooperative Arkansas REALTORS® MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Beau Durbin
-
Randy Whitehead
Buyer's Agent in 2024
Randy Whitehead
ESQ. Realty Group - Hot Springs
(501) 844-9011
3 in this area
43 Total Sales
-
Meadow Moore
Seller's Agent in 2022
Meadow Moore
ESQ. Realty Group - Hot Springs
(501) 282-6062
2 in this area
14 Total Sales
-
M
Seller's Agent in 2012
Marvin Eason
RE/MAX
-
Frances Middleton
F
Buyer's Agent in 2012
Frances Middleton
Century 21 United
(501) 772-6962
12 Total Sales
Map
Source: Cooperative Arkansas REALTORS® MLS
MLS Number: 24026709
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