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About This Home
This 0-bedroom, 0-bathroom 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.
Unique octagon-style duplexes -- 3 buildings, 6 total units (each 2BR/1BA) Prime multifamily investment opportunity in the highly desirable Lakeside School District. This three-duplex portfolio (six total doors) offers a refreshed look, improved condition, and pricing aligned with current market value.
Each 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.
Key Features
- Built in 1985
- 0.30 acre lot
- 2 parking spaces
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
Construction
Heating
Cooling
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom 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, 2 parking spaces.
This property is listed by Karen Hudspeth and can be reached at 8703440123 or khudspeth@mcgrawrealtors.com.