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About This Home
This -bedroom, 0-bathroom multi-family at 125 OAK Street in Hot Springs, AR is listed for $2,945,000 ($46 per sqft). Built in 1913, the home offers 64,710 sqft of living space on a N/A lot.
Investors - Look at the returns here. Great property. Roof 2-3 years, HVAC systems 2 years, fully sprinkled fire suppression, elevator, ADA accessibility, common coin laundry room or in unit laundry option, electric metered separately, solid well maintained building, units in excellent repair, great location, tranquil setting with excellent views i
n all direction, easily +10,000ft2/929m2 underutilized space to add additional rental units as desired. Initial major remodel when building was placed back in service approximately 2005 with continued maintenance. 31 total apartments 1br-5, 2br-18, 3br-8 with additional venue rental & party rooms.
Historically contributing, but not restricted. Yearly- Electric $16,116, Internet & office phone $6299 (includes Air BnB & 1 Tenant), Water, Sewer, Trash $16,274, Taxes $18,304, Insurance $42,840, Elevator- contract, inspection, permit & emergency phone $5831, Cameras/Security $3617, Fire monitoring and service contract $1834, city business & STR p
ermits $470, Pest & Termite $2024 - Expense $113,609 - Income $455,293 (includes rent, storage, tenant utility contribution, laundry, event space rental, non-refundable pet deposit, pet rent, STR, application fee) NOI $341,684 with a 10% vacancy rate and Cap of 11%. Income reflects some late 2025 downtime for remodel post long term contract. Without adding additional units, realizing $500k+ plus in gross is very reasonable. Owner operated. Leases on file.
Key Features
- Built in 1913
- 4 stories
Property Details
Monthly Cost Estimate
$15,750/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
125 OAK Street
Hot Springs, AR 71901
HSR
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Pool Features
Appliances
Questions & Answers
This null-bedroom, 0-bathroom multi-family at 125 OAK Street is listed at $2,945,000 ($46/sqft). The estimated monthly payment is $12,762 based on 20% down at 6.5% interest.
Key features include: Built in 1913, 4 stories. Interior Features: Breakfast Bar, Dryer Connection-Electric, Dryer Stays. Exterior Features: Porch, Dumpster.
This property is listed by Chris Rix and can be reached at 5016274075 or chris@rixestate.com.








