$1,597,000

5703 Central Ave Hot Springs, AR 71913

Lake Hamilton Neighborhood

Estimated payment $10,442/month

Total Views 633
-- Bed
-- Bath
13,846 Sq Ft
$115 Price per Sq Ft

Highlights

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

About This Home

This property is in the process of converting the apartments to Condos. Great investment opportunity for a renovation and cash-flow or flip! These are priced at 48% of the most inexpensive condos in all of Garland County. Located directly on Central Ave and in the Lakeside School District, these condos are in one of the best locations in Hot Springs. There are 19 condos in the complex - 14 one bedrooms and 5 two bedrooms. The after repair value once renovated will be about $200k per condo, totalling $3.8 million once all sold. They are located in the county and are approved for Short Term Rentals - giving the buyer flexibility to flip, rent long term, and or run as short term rentals. You can purchase all or seller is willing to sell them individually for $90,000.00 each

Listing Agent

Greg Calaway

Baxley-Penfield-Moudy Realtors Listed on: 07/14/2025

Co-Listing Agent

Lance Penfield

Baxley-Penfield-Moudy Realtors

Property Details

Home Type

  • Apartment

Lot Details

  • 0.59 Acre Lot
  • Level Lot
  • Subdivision Possible

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

Lot Details

0

Listing Details

  • Class: Multi-Family
  • LVT Date: 07/14/2025
  • Price Per Sq Ft: 115.34
  • Road Surface: Paved
  • Third Party Exports: Daily Record, Ehomeshowings
  • Type: Apartments
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Will Subdivide: Yes
  • Zoning: COMM. INPR
  • Source Of Sq Ft: Courthouse
  • Special Features: None
  • Property Sub Type: MultiFamily

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:

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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
07/14/2025 07/14/25 For Sale $1,597,000 -- --
Source: Cooperative Arkansas REALTORS® MLS

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Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 25027704

Cooperative Arkansas REALTORS® MLS

Arkansas Garland County Hot Springs 71913 Lake Hamilton

5703 Central Ave, Hot Springs, AR

This home is located at 5703 Central Ave, Hot Springs, AR 71913 and is currently priced at $1,597,000, approximately $115 per square foot. 5703 Central Ave 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