Other (see remarks)

5703 CENTRAL AVENUE

Hot Springs , AR 71913

MLS#: 25027704

$1,597,000

Status: Active
Listing number: 25027704
Listing provided by: Baxley-Penfield-Moudy Realtors
Listing agent phone: None
Last update: 2 days ago
On site: 10 days ago
Browse Properties
Metes & Bounds - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Sq.Footage

13,846

This property is in the process of converting the apartments to Condos. Great investment opportunity for a renovation and cash-flow or flip! These are priced at 48% of the most inexpensive condos in all of Garland County. Located directly on Central Ave and in the Lakeside School District, these condos are in one of the best locations in Hot Springs. There are 19 condos in the complex - 14 one bedrooms and 5 two bedrooms. The after repair value once renovated will be about $200k per condo, totalling $3.8 million once all sold. They are located in the county and are approved for Short Term Rentals - giving the buyer flexibility to flip, rent long term, and or run as short term rentals. You can purchase all or seller is willing to sell them individually for $90,000.00 each

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Electric, Central

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Features

    Level

  • Lot Size(acres)

    0.59

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Other (see remarks)

Price

  • Sales Price

    $1,597,000

  • Tax Amount

    66284.0

  • Zoning

    COMM. INPR

  • Sq. Footage

    13, 846

  • Price/SqFt

    $115

HOA

  • Association

    No

School District

  • Elementary School

    Lakeside

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Sewer

    Public Sewer

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Garland

Elementary School

Lakeside

Middle School

High School

Listing Courtesy of Greg Calaway , Baxley-Penfield-Moudy Realtors

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LoydMiller

REALTOR®

LoydMiller

Call Loyd today to schedule a private showing.

(479) 453-6121

remiller6214@outlook.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
This property is in the process of converting the apartments to Condos. Great investment opportunity for a renovation and cash-flow or flip! These are priced at 48% of the most inexpensive condos in all of Garland County. Located directly on Central Ave and in the Lakeside School District, these condos are in one of the best locations in Hot Springs. There are 19 condos in the complex - 14 one bedrooms and 5 two bedrooms. The after repair value once renovated will be about $200k per condo, totalling $3.8 million once all sold. They are located in the county and are approved for Short Term Rentals - giving the buyer flexibility to flip, rent long term, and or run as short term rentals. You can purchase all or seller is willing to sell them individually for $90,000.00 each

5703 CENTRAL AVENUE

Message successfully sent.

What would you like to know?

Related Properties

Welcome to your dream lakefront, NEW CONSTRUCTION homes on Lake Hamilton! Inside, these units offers an open-concept living area with 11 foot ceilings, along with ample natural light from the large windows throughout the homes with views of the water from all angles. There are modern finishes throughout, which include quartz countertops and backsplash, beautiful CAFE appliances with built in ice makers, custom cabinets with black and champagne bronze finishes, along with custom islands and built in dining tables. Other interior features include upgraded LED lighted mirrors in all bathrooms, tile and glass showers, separate laundry rooms, and LVP flooring throughout. Walk outside onto the large decks with stunning views of Lake Hamilton & the Central Bridge. Just a few steps and you are on the brand new boardwalk to fish, swim, or boat. Unit B has its own covered boat dock. These properties both have 2 car garages, as well as extra concrete for additional parking. All efforts were made to provide these homes with a low maintenance exterior so you can spend more time enjoying the lake. Come see these stunning new builds with ALL the features you want in a lakefront property!
#25026743

Hot Springs

168 Krause Lane

6 Beds

None Baths

3,800 Sq.Ft.

$1,375,000

MLS#: 25026743

Large package of residential properties located in Hot Springs and Magnet Cove. 13 buildings which include a total of 21 units. Grossing over $20,000 per month at present. Some of the units remodeled in the past few years. 10 parcels in Garland County, 17 units, and 1 parcel in Magnet Cove in Hot Spring County, 4 units. Expenses may vary for each parcel. Square footage, age, taxes & zoning taken from city or county records. Feel free to verify.
#25016555

Hot Springs

415-417 Morrison Avenue

None Beds

None Baths

N/A

$1,750,000

MLS#: 25016555

MULTI-FAMILY INVESTORS! 10 well-maintained rental units located in the center of town (behind the Walmart on Central Avenue). Situated within eye-shot of Lake Hamilton, this multi-family package is 90% occupied & currently grosses $10,300/mo. A total of 10 townhouse rental units - (6) 3BR/2.5BA single townhouses & (2) 3BR/2.5BA double townhouses. Lots of room to increase rents. Low expenses - tenants pay all utilities.
#25014908

Hot Springs

108-121 Calli Lane

None Beds

None Baths

1,500 Sq.Ft.

$1,299,000

MLS#: 25014908

102 & 106A/B Cheyenne St....105A/B & 109A/B Pocola Dr...Three new modern duplexes 3 Bedrooms / 2.5 Baths 1,614Sq.Ft. each unit, one brand-new 3 Bedroom / 2.5 Baths 1,622 Sq.Ft single-family house...Inviting open floor plan with 9' high ceilings .Polished granite countertops, high-end finishes for increased rental value. Each unit features back decks and fully fenced backyards. These units are set up for being long or short term rentals.
#25013665

Hot Springs

102 & 106 Cheyenne Street

None Beds

None Baths

1,614 Sq.Ft.

$1,848,990

MLS#: 25013665

Turnkey 6-Unit Lakeside Investment Property – Renovated 2 Bed / 2 Bath Units on Lake Hamilton Discover an exceptional investment opportunity on the tranquil shores of Lake Hamilton in Hot Springs with this beautifully remodeled 6-unit duplex-style complex. Each of the six units is a spacious 2-bedroom, 2-bathroom layout spread across two levels, offering thoughtful design and comfort for both long-term tenants and vacation guests. Every unit has been fully updated with modern finishes, including new appliances, contemporary kitchens, stylish bathrooms, fresh flooring, and upgraded fixtures—making this a true turnkey opportunity. Two of the units feature private fenced-in yards, perfect for tenants seeking extra outdoor space, while the remaining four units boast gorgeous, direct lake views. All residents enjoy shared access to a scenic boardwalk, fire pit area, and high-speed internet, enhancing both livability and vacation appeal. With potential monthly income of $2,100 per unit, the property could generate up to $12,600/month when fully optimized, offering a strong return as-is or even greater upside if converted into mid-term or short-term rentals (Airbnb).
#25013485

Hot Springs

110-113 McCurry Terrace

None Beds

None Baths

7,776 Sq.Ft.

$1,375,000

MLS#: 25013485

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here