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Browse More Listings in Multifamily For Sale, Hot Springs, AR or Arkansas

Multifamily Property For Sale

5719 Central

5719 Central, Hot Springs, AR 71913

Price:
$705,000
No. Spaces:
42
Price/Space:
$16,785.71
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
8.50%
Occupancy:
90%
Lot Size:
7.22 AC
Find Out More...

Last Verified 11/7/2009 Listing ID 15848833

Highlights

Demand for affordable housing
Effecient Operation
Individually metered utilities, billed and collected from city of Hot Springs

Near Super-Walmart, Horse Racing, and all amenities
Quiet, Clean, Attractive community
Good Investment

Description

Turn Key Operation.
Operates effeciently with absentee ownership.
Individually metered, billed, and collected city utilities.
Property developed in the 1980s and 1990s.
Well Maintained Property, one of the nicest all age communities in the area.
CONTACT FOR FULL BROCHURE, lease information and operating statements.

The local economy has employment and population growth.
Favorable south-of-town location, vacancies fill quickly.
Close to Lake Hamilton, Super Wal-Mart, and all amenities.
Clean, attractive all age community.
Includes 5 rental homes + 1 SFR, rented and in good condition.
Liberal zoning, opportunity to add homes.
CONTACT BROKER FOR FULL BROCHURE, and area information.

Financial Summary

Actual
Year
2008
Net Operating Income
$60,000

Map of 5719 Central, Hot Springs, AR 71913 (Garland County)

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Created 8/13/2008

Additional Information for 5719 Central Avenue, Hot Springs, AR 71913

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 5719 Central, Hot Springs, AR 71913

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Hot Springs Waterfront
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12.00 Acres

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Mobile Home/RV Community
Sold 4Q 2007

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale -

5719 Central, Hot Springs, AR, 71913