Waterfront
Address
139 & 141 Britt Lane, Hot Springs, AR
Price
$ 1,299,900
Property Attributes
  • MLS#24006243
  • TypeMulti-Family
  • CountyGARLAND
  • CityHot Springs
  • AreaHot Springs School District
  • NeighborhoodTwin Points
  • Zip71913
  • Style
  • Year Built1950
  • Taxes$ 9145
  • Price$ 1,299,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9470
  • Lot Size1 Acres
Data Source:
Cooperative Arkansas REALTORS® MLS (CARMLS)
Property Description

Very rare opportunity to own a 14 unit motel on Lake Hamilton! This one acre lake property boasts 14 charming rental units, along with a unique, historic home built in 1898! This former apartment complex has been totally revamped into a charming short term rental complex. The current owner has made lots of updates throughout the property to meet current short term rental codes. STR permits have been obtained for each of the units. A brand new fire suppression system has been installed throughout the facility. The property has private boat ramp, and Entergy may approve construction of additional boat slips. There is potential to add lots of additional value by converting all of the units to Airbnbs, remodeling the home and/or constructing additional rental units on the property.

Elementary School Middle School High School
Hot Springs Elementary School Hot Springs Middle School Hot Springs High School
Price History
2/26/2024 Listed $1,375,000
4/16/2024 6% - $1,299,900

General Features

Interior Features Washer/Dryer-Comm. In,Smoke Detector
Heating Other (see remarks)
Utilities Sewer-Public,Water-Public,Electric-Municipal,TV-Cable
Roof Metal
Garage Other (see remarks),Four Car or More
Exterior Features Guttering,Dumpster,Deck,Patio,Porch
Zoning Lake
Year Built 1950
Tenant Pays Other (see remarks)
Subdivision Twin Points
Style Other (see remarks)
Stories Two Story
County Garland
Class Multi-Family
Type Apartments
Will Subdivide No
Inside City Limits Yes
Associated Document Count 4
Status Active
Subdivision AR
Sale/Rent For Sale
Docs on File None
Annual Taxes 9145
New Construction? No
Primary City Hot Springs
Directions From Higdon Ferry Rd.,turn on Twin Points,go all the way down and turn on Britt Lane to property.
ModificationTimestamp 2024-04-23T06:18:23.1
High School Hot Springs
City Hot Springs
Street Name Britt
Elementary School Hot Springs
Middle School Hot Springs
DOM 48
Postal Code 71913
Price Per Sq Ft Total 137.27
Coming Soon Very rare opportunity to own a 14 unit motel on Lake Hamilton! This one acre lake property boasts 14 charming rental units,along with a unique,historic home built in 1898! This former apartment comp

Interior Features

Floors Tile,Laminate
Total Number of Units 15
1 Bed Units 14
3 Bed Units 1
KITCHEN EQUIPMENT Other (see remarks)
Approx Bldg. SQFT 9470

Exterior Features

Exterior Stucco,Metal/Vinyl Siding
Road Surface Paved
Waterfront Dock - Swimming,Other/See Remarks,Boat Slip
Foundation Slab
Lake Name Hamilton
Lot Size Area 1
Lake Yes
Lot Dimensions 152' x 261'
Lot In Subdivision,River/Lake Area,Common to Lake,Waterfront

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 71913

Price
AVG $1.26M
$1.3M
Taxes
AVG $3,807
$9,145
Visits
AVG 62
51
Data Provided by Inside Real Estate®
Year Built
AVG 1991
1950