201 E Main St Heber Springs, AR 72543
Estimated payment $4,781/month
Highlights
- Very Popular Property
- Wood Flooring
- Level Lot
- Traditional Architecture
- Furnished
- 4-minute walk to Spring Park
About This Home
Welcome to The Cartwright. A former inn built in 1882 that was completely renovated in 2023. The Building has 15 studio apartments, a working restaurant, a lounge and an office that could be rented to generate extra revenue. The apartments are furnished and the upstairs units share a kitchenette. There is onsite coin op laundry that adds to the revenue totals. This property could be easily be turned back into a hotel and operated as such. The Building also comes with a transferrable liquor license. Located in a dry county this makes the license unmeasurably valuable.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $4,417
Year Built
- Built in 1882
Lot Details
- 0.46 Acre Lot
- Level Lot
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Metal Roof
Interior Spaces
- 7,054 Sq Ft Home
- 2-Story Property
- Furnished
- Wood Flooring
Utilities
- Co-Op Electric
Community Details
- 15 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,599 | $60,448 | $8,000 | $52,448 |
| 2023 | $2,599 | $60,448 | $8,000 | $52,448 |
| 2022 | $2,224 | $60,448 | $8,000 | $52,448 |
| 2021 | $1,621 | $37,706 | $8,000 | $29,706 |
| 2020 | $1,621 | $37,706 | $8,000 | $29,706 |
| 2019 | $1,621 | $37,706 | $8,000 | $29,706 |
| 2018 | $1,614 | $37,706 | $8,000 | $29,706 |
| 2017 | $1,595 | $37,706 | $8,000 | $29,706 |
| 2016 | $1,756 | $41,507 | $10,000 | $31,507 |
| 2015 | $1,756 | $41,507 | $10,000 | $31,507 |
| 2014 | $1,756 | $41,507 | $10,000 | $31,507 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/24/2025 07/24/25 | For Sale | $799,000 | -- | $113 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $620,000 | Professional Land Title | |
| Warranty Deed | $75,000 | General Land & Title Svcs | |
| Warranty Deed | $410,000 | -- | |
| Warranty Deed | $340,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $600,000 | Construction | |
| Previous Owner | $40,000 | Credit Line Revolving | |
| Previous Owner | $63,750 | Commercial |
Source: Cooperative Arkansas REALTORS® MLS
MLS Number: 25029309
APN: 300-00259-000-C
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