THIS FORMER MOTEL OR TRAVEL COURT NOW CONSISTS OF ONE 2 BEDROOM 1 BATH UNIT, 6 EFFICIENCY APARTMENTS, AND TWO SINGLE ROOMS WITH NO KITCHEN. IT HAS BEEN A SUCCESSFUL LONG TERM RENTAL PROPERTY FOR AT LEAST 7 YEARS. UTILITIES ARE PAID BY OWNER. IT WILL CASH FLOW FROM THE FIRST DAY YOU OWN IT. THIS PART OF TOWN IS DEFINITELY ON AN UPWARD TURN. BE PART OF IT AND GET IN NOW. THIS PROPERTY IS ALSO PART OF A LARGE MULTI-PROPERTY DIVESTMENT FROM A LOCAL INVESTOR WHO IS LEAVING THE STATE. SEE MLS# FOR COMBINED PROP.
Property Type: Multi Family Home
Sub Type: Apartment
Listing Status: Active
County/Area: Garland County
Zip Code: 71901
Year Built: 1930
Subdivision/Neighborhood: Gantts Addition
School District: Hot Springs
Sq.Ft.: 3,926 sq ft
Stories: One Story
Units: 9 units
Garage: 4+ Car
Lot Size: 17860 sq ft lot
Zoning: Commercial Transitional
1ba # Of Units: 9
1br # Of Units: 8
2br # Of Units: 1
Annual Expenses: 14089
Annual Income: 46200
Approx Lot Size: 102x175
Directions: From Hsbor To Right On Orange To Left On Central To Right On Park To Property On Left Between Pullman And Harrell/Mountain Valley.
Electric Expense: 8400
Estimated Annual Taxes: 961
Expenses Include: Taxes, Insurance, Maintenance/Lawn Care, Utilities, Management, Trash, Electric, Gas, Advertising, Legal, Licenses, Water/Sewer, Payroll, Pest Control, Accounting
Exterior: Other (See Remarks)
Floors: Laminate, Tile
Foundation: Other (See Remarks)
Garage/Parking: Four Car Or More, Parking Pads
Gross Income: 46200
Heating/Air Conditioning: Window Units, Heat Pump
Insurance Expense: 1440
Kitchen Equipment: Electric Range, Free-Standing Stove, Refrigerator Stays
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The HSMLS Data on this site was last updated: 2019-06-19.
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