160 Morphew Rd | Hot Springs National Park, AR 71913
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This Multifamily Property is no longer advertised on LoopNet.com.
160 Morphew Rd
Hot Springs National Park, AR 71913
Chapel Ridge of Hot Springs · Multifamily Property For Sale
·
88 Units
Apartment Buildings
Arkansas
Hot Springs National Park
160 Morphew Rd, Hot Springs National Park, AR 71913

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 | - | - |
LINKS
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
Listing ID: 20681962
Date on Market: 8/19/2020
Last Updated:
Address: 160 Morphew Rd, Hot Springs National Park, AR 71913
The Multifamily Property at 160 Morphew Rd, Hot Springs National Park, AR 71913 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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