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About This Home
This 0-bedroom, 0-bathroom residential multi family at 812 Shady Heights Road in Hot Springs, AR is listed for $610,000 ($150 per sqft). Built in 1985, the home offers 4,080 sqft of living space on a 0.30 acres lot.
TURNKEY INVESTMENT OPPORTUNITY - 6 UNITS IN LAKESIDE SCHOOL DISTRICT! This income-producing property features six rental units across three duplex buildings and offers immediate cash-flow potential. Current gross annual rental income is approximately $61,907, with tenants responsible for utilities.
At the current asking price $610,000.00, the property offers an approximate gross yield of 10.15% and a price per unit of approximately $101,667. Professionally managed with established rental history, this property presents an attractive opportunity for investors seeking both current income and long-term appreciation potential.
In addition to its current income stream, the property presents potential value-add and future expansion opportunities (buyer to verify), offering investors the ability to further enhance returns over time. Conveniently located in the highly desirable Lakeside School District. Rent roll, lease information, and income/expense details available upon request.
Key Features
- Built in 1985
- 0.30 acre lot
Property Details
Monthly Cost Estimate
$3,262/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
812 Shady Heights Road
Hot Springs, AR 71901
Lake Town
Property Details
Flooring
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 812 Shady Heights Road is listed at $610,000 ($150/sqft). The estimated monthly payment is $2,643 based on 20% down at 6.5% interest.
Key features include: Built in 1985, 0.30 acre lot.
This property is listed by Karen Hudspeth and can be reached at 8703440123 or khudspeth@mcgrawrealtors.com.
