Your Properties Here!
Search Results for
230 Manor Circle - Polo Run, Hot Springs, AR
Welcome to SHOWCASE.COM, the Web's most comprehensive source of commercial property data, where you can search from 900,000 listings nationwide. To see more Commercial Real Estate listings, Office Space, Industrial Space, Retail Space, Commercial Land, Multi-Family or other commercial property types, just click the button to the right.
Forward to a Colleague
230 Manor Circle - Polo Run
Hot Springs, AR 71901
Number of Units:
6.33 AC (275,735 SF)
For Sale Price:
Pro forma cap rate = 16.14
OPPORTUNITY IS KNOCKING! OUT OF STATE OWNER SAYS SELL! This 148 unit, 6.33 acre property is located in the middle of town, on the main drag just north of the Oaklawn Park (in back of the Freeman Center)! This property consists of a good mix of studio (20), one-bedroom (28), two-bedroom (98) and three-bedroom (2) apartments. In addition to the 148 units, there are two offices and a large laundry room. The property has ample tenant parking and there are two semiprivate streets running through the complex. This property is conveniently located within walking distance to shopping and employment centers. A bus stop is located in front of the complex, making use of the public transportation system easy for the residents.
Since 2007 hundreds of thousands of dollars have been invested in property improvements. When this work started back in 2007, the occupancy level was under 30%, however, as the improvements have progressed, the occupancy level has been steadily rising and currently stands at approximately 67%. With the completion of the improvements and an occupancy level at 90%+, this place will be a real CASH COW for the new owner!
Located on Central Avenue, just north of the Oaklawn Jockey Club in back of the Freeman Center.
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
Berkshire Hathaway HomesServices California
View all my listings
Share this listing
Link in an email, IM or chat
Embed on your web site or blog
Copy and paste this HTML into your blog or web page:
<a href="http://www.showcase.com/property/230-Manor-Circle/Hot-Springs/Arkansas/861662" target="_blank">230 Manor Circle - Polo Run, Hot Springs, AR - Commercial property</a>
Share on Twitter
Share on LinkedIn
Share on Facebook
Share on MySpace
Share on StumbleUpon
Share on Digg
Add More Recipients
Add a personalized message: (Optional)
Copyright © 1997-2016 CoStar Realty Information, Inc. All rights reserved. |