$1,130,512
PENDING

5703 Central Ave Unit 121 Second Street Hot Springs, AR 71913

Lake Hamilton Neighborhood

Estimated payment $7,477/month

Total Views 2,035
-- Bed
-- Bath
13,846 Sq Ft
$82 Price per Sq Ft

Highlights

  • 1-Story Property
  • Central Heating and Cooling System
  • Level Lot
  • Lakeside Primary School Rated A-

About This Home

19 unit apartment building consisting of 11 townrow apartments in the front building and 8 duplex units in the back of the building. Unit count is 11 one bedroom/one bath, 5 two bedroom/one bath, and 3 studio/one bath apts. Property appraised for $1,190,000 in 2021 - priced for quick sale.Also 121 Second Street which is a 6 unit apartment. Perfect property for out of town investor to collect cash flow now and renovate the few vacancies and increase rents. These are located in the prominent Lakeside School District. Owner added $48k in CAPEX by replacing all of the gas lines to every unit.

Listing Agent

Greg Calaway

Baxley-Penfield-Moudy Realtors Listed on: 01/22/2025

Co-Listing Agent

Lance Penfield

Baxley-Penfield-Moudy Realtors

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1990

Lot Details

  • 0.59 Acre Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Metal Roof
  • Metal Siding

Interior Spaces

  • 13,846 Sq Ft Home
  • 1-Story Property

Schools

  • Lakeside Elementary School

Utilities

  • Central Heating and Cooling System

Community Details

  • 19 Units

Property Details

Home Type

Apartment

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Class: Multi-Family
  • LVT Date: 01/22/2025
  • Price Per Sq Ft: 81.65
  • Road Surface: Paved
  • Third Party Exports: Daily Record, Ehomeshowings
  • Type: Apartments
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Zoning: COMM. INPR
  • Source Of Sq Ft: Courthouse
  • Estimated Year Built: 1990
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Year Built: 1990

Interior Features

  • Foundation: Slab
  • Stories: One Story

Exterior Features

  • Exterior: Metal/Vinyl Siding
  • Roof: Metal
  • Exterior Features: Dumpster

Utilities

  • Utilities: Sewer-Public, Water-Public, Electric-Municipal
  • Heating And Air Cond: Central Cool-Electric, Central Heat-Electric

Schools

  • Elementary School: Lakeside

Lot Info

  • Estimated Lot Size: 0.59
  • Estimated Lot Size: 153X173
  • Lot: Level
  • Geo Subdivision: AR

Rental Info

  • Lease Type: Monthly

Multi Family

  • Annual Expenses: 66284
  • Maximum Rent One Bedroom: 750
  • Maximum Rent Two Bedroom: 850
  • Minimum Rent One Bedroom: 575
  • Minimum Rent Two Bedroom: 575
  • Number Of One Bathroom Unitss: 19
  • Number Of One Bedroom Units: 11
  • Number Of Two Bedroom Units: 5
  • Number Units: 19

Tax Info

  • Annual Taxes: 66284

MLS Schools

  • Elementary School: Lakeside

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
03/12/2025 03/12/25 Pending -- -- --
01/22/2025 01/22/25 For Sale $1,130,512 -- $82 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

Similar Home in Hot Springs, AR

  • 110 Mccurry Terrace, Hot Springs, AR 71913

    $1,375,000

    • Studio
    • 7,776 Sq Ft
    • 110 Mccurry Terrace
    • Hot Springs, AR

    Turnkey 6-Unit Lakeside Investment Property – Renovated 2 Bed / 2 Bath Units on Lake Hamilton Discover an exceptional investment opportunity on the tranquil shores of Lake Hamilton in Hot Springs with this beautifully remodeled 6-unit duplex-style complex. Each of the six units is a spacious 2-bedroom, 2-bathroom layout spread across two levels, offering thoughtful design and comfort for both

    Shaila Sharrock Partners Realty

    Section Image
See All Homes in Hot Springs

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 25002811

Cooperative Arkansas REALTORS® MLS

Arkansas Garland County Hot Springs 71913 Lake Hamilton

5703 Central Ave Unit 121 Second Street, Hot Springs, AR

This home is located at 5703 Central Ave Unit 121 Second Street, Hot Springs, AR 71913 and is currently priced at $1,130,512, approximately $81 per square foot. This property was built in 1990. 5703 Central Ave Unit 121 Second Street is a home located in Garland County with nearby schools including Lakeside Primary School, Lakeside Intermediate School, and Lakeside Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cooperative Arkansas REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Nearby Homes
Greg Calaway
Listing Agent
Greg Calaway
Section Image
Baxley-Penfield-Moudy Realtors
(501) 529-1921