160 Morphew Rd | Hot Springs National Park, AR 71913
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160 Morphew Rd
Hot Springs National Park, AR 71913
Chapel Ridge of Hot Springs · Multifamily Property For Sale
·
88 Units
INVESTMENT HIGHLIGHTS
- Priced below replacement cost.
- Units average a spacious 908 square feet.
- Chapel Ridge is being offered on a Cash-to-Note basis allowing a new investor to assume the existing Fannie Mae loan.
- Potential to implement a value-add rehab program and increase rents.
- Ideally located in the southwest quadrant of Hot Springs, near Lake Hamilton.
PROPERTY FACTS
| No. Units | 88 | Building Size | 79,888 SF |
| Property Type | Multifamily | Average Occupancy | 91% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1999/2020 |
| Building Class | B | Parking Ratio | 2.15/1,000 SF |
| Lot Size | 5.52 AC | ||
| Zoning | MF - MF | ||
| No. Units | 88 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.52 AC |
| Building Size | 79,888 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built/Renovated | 1999/2020 |
| Parking Ratio | 2.15/1,000 SF |
| Zoning | MF - MF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Refrigerator
- Walk-In Closets
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | - |
| 2+2 | 40 | - | - |
| 3+2 | 24 | - | - |
PROPERTY TAXES
| Parcel Number | 100-14314-000 | Improvements Assessment | $1,061,400 |
| Land Assessment | $20,740 | Total Assessment | $1,082,140 |
PROPERTY TAXES
Parcel Number
100-14314-000
Land Assessment
$20,740
Improvements Assessment
$1,061,400
Total Assessment
$1,082,140
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