815 Park Ave Hot Springs, AR 71901
Downtown Hot Springs NeighborhoodEstimated payment $9,728/month
Highlights
- 0.7 Acre Lot
- 1-Story Property
- Partially Fenced Property
- Traditional Architecture
- Space Heater
- Level Lot
About This Home
A hybrid investment opportunity in the heart of one of Arkansas’s most vibrant tourism destinations! This beautifully renovated 30 unit apartment complex offers the best of both worlds: consistent long-term rental income paired with the lucrative upside of Air BNB units and a 2,000sqft updated on-site leasing office—perfect for self-management. Convenience is at your fingertips, as the apartment is just minutes away from local cafes, restaurants, art galleries, entertainment venues and the David F. Watkins Memorial Park. No seller financing! AGENTS - SEE REMARKS!
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $2,665
Year Built
- Built in 1940
Lot Details
- 0.7 Acre Lot
- Partially Fenced Property
- Level Lot
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Slab Foundation
- Plaster Walls
- Composition Roof
Interior Spaces
- 1-Story Property
- Sheet Rock Walls or Ceilings
- Vinyl Flooring
- Fire and Smoke Detector
- Gas Range
Utilities
- Window Unit Cooling System
- Space Heater
- Gas Water Heater
Community Details
Overview
- 30 Units
- 14,983 Sq Ft Building
- Hsr Blk 101 Subdivision
Building Details
- Gross Income $63,291
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 | $2,665 | $58,960 | $12,820 | $46,140 |
| 2023 | $2,665 | $58,960 | $12,820 | $46,140 |
| 2022 | $2,665 | $58,960 | $12,820 | $46,140 |
| 2021 | $2,619 | $57,310 | $7,640 | $49,670 |
| 2020 | $2,619 | $57,310 | $7,640 | $49,670 |
| 2019 | $2,619 | $57,310 | $7,640 | $49,670 |
| 2018 | $2,619 | $57,310 | $7,640 | $49,670 |
| 2017 | $2,768 | $57,310 | $7,640 | $49,670 |
| 2016 | $2,530 | $65,220 | $9,170 | $56,050 |
| 2015 | $2,346 | $56,800 | $9,170 | $47,630 |
| 2014 | $2,345 | $56,800 | $9,170 | $47,630 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | Pending | -- | -- | -- |
| 04/25/2025 04/25/25 | For Sale | $1,800,000 | -- | $120 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | First National Title | |
| Quit Claim Deed | -- | First National Title | |
| Warranty Deed | -- | Garland County Title Co | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $350,000 | -- | |
| Warranty Deed | $106,700 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $972,000 | New Conventional | |
| Closed | $704,800 | Construction | |
| Previous Owner | $300,000 | No Value Available |
Source: Hot Springs Board of REALTORS®
MLS Number: 150669
APN: 400-28650-004-000C
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