812 Shady Heights Rd - Apartments FOR SALE


Hot Springs, AR 71901
$630,000 USD
870-344-0123
812 Shady Heights Rd, Hot Springs, AR for Sale
$630,000 USD
Apartments - FOR SALE
1/7
null | 7.76% Cap Rate

812 Shady Heights Rd
Hot Springs, AR 71901


OVERVIEW

Prime multifamily investment opportunity in the highly desirable Lakeside School District. This three-duplex portfolio (six total doors-680 sqft each), offering a refreshed look, improved condition, and pricing aligned with current market value. Each 2 bedroom, 1 bathroom unit features granite countertops, stainless steel appliances, and a solid long term rental history, making this a low-maintenance, income producing asset ideal for both new and seasoned investors. Tenants pay all utilities, enhancing cash flow and simplifying management. The properties: 812 Shady Heights, 101 &367 Lance Circle, are clustered together in Lakeside School District, just minutes from shopping, dining, and Lake Hamilton, supporting strong tenant demand and long-term appreciation. Additional upside includes extra land with potential to add another duplex (buyer to verify), creating future expansion and increased returns. 1031 Exchange friendly. Seller is offering a $5,000.00 buyer credit at closing, applicable toward an interest-rate buy-down, discount points, or other lender approved closing costs, subject to loan guidelines.

FOR SALE DETAILS

PRICE

$630,000 USD

PRICE/SF

$154 USD /SF

# OF UNITS

6

PRICE/UNIT

$105,000

CAP RATE

7.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,200 SF

ZONING

-

APN/PARCEL ID

91808,20463,91807

ASK ABOUT THIS PROPERTY

Karen HudspethMcGraw Realtors - Hot SpringsMore Info
870-344-0123

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Karen HudspethMcGraw Realtors - Hot SpringsMore Info
870-344-0123

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.