627 QUAPAW

Hot Springs, AR

Introducing an exceptional opportunity in the historic district in Hot Springs, a fully occupied and well maintained three story, multifamily building within walking distance to downtown where entertainment, dining & shopping options abound. The charming apartment building offers six units, which comprise five one-bedroom and one two-bedroom apartments. Some recent updates worth mentioning include electrical, plumbing, paint, appliances and expansive back porches on the upper floors. The enticing investment offers a gross income of $4,330 a month with the potential to generate more. The owner currently manages utilities including electricity, gas, and water, ensuring a hassle-free experience for tenants. A substantial parking area at the rear gives ample space for residents, which is a coveted amenity in this bustling area. Please respect the privacy of the current residents by not visiting the property unannounced. The tenants, with the exception of one, have been there over a year, and some over five years. This building promises to be a cornerstone in any real estate collection. Don't let this opportunity be the one that got away. Contact agent for more information.