139 & 141 Britt Lane new Save Request In-Person Tour Request Virtual Tour
Hot Springs,AR 71913
Key Details
Property Type Multi-Family
Sub Type Apartments
Listing Status Active
Purchase Type For Sale
Square Footage 9,470 sqft
Price per Sqft $116
Subdivision Twin Points
MLS Listing ID 24038889
Style Other (see remarks)
Year Built 1950
Annual Tax Amount $9,145
Lot Size 1.000 Acres
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.
Location
State AR
County Garland
Area Hot Springs School District
Zoning Lake
Rooms
Kitchen Other (see remarks)
Interior
Heating Other (see remarks)
Flooring Tile,Laminate
Equipment Other (see remarks)
Exterior
Exterior Feature Guttering,Dumpster,Deck,Patio,Porch
Garage Other (see remarks),Four Car or More
Utilities Available Sewer-Public,Water-Public,Electric-Municipal,TV-Cable
Waterfront Description Dock - Swimming,Other/See Remarks,Boat Slip
Roof Type Metal
Building
Lot Description In Subdivision,River/Lake Area,Common to Lake,Waterfront
Foundation Slab
New Construction No
Schools
Elementary Schools Hot Springs
Middle Schools Hot Springs
High Schools Hot Springs