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503 & 505 S Patterson Street , Hot Springs, AR 71913

$460,000
  • 503 & 505 S Patterson Street , Hot Springs, AR 71913 Main Photo

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New to the Market New Listing
BEDS0 BATHS SQUARE FEET1,752 MLS#26007896
STATUSNew Listing PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONNot in Subdivision NEIGHBORHOODHOT SPRINGS SCHOOL DISTRICT

Property Description

Excellent Investment Opportunity! This well-maintained property features two brick duplexes, offering a total of four 2-bedroom, 2-bathunitsâ??a rare and highly desirable layout for both tenants and investors. Situated in a prime, central location, the property is uniquely enhanced by a beautiful creek running along the property, providing a peaceful setting right in the heart of town. Both buildings have undergone significant updates, including new flooring and windows, along with roof and all central air units replaced in 2021, ensuring long-term durability and reduced maintenance expenses. Designed for ease of ownership, these duplexes offer low-maintenance exteriors and strong, consistent rental demand. Units are currently leased for $925â??$1,025 per month, with tenants responsible for all utilities, maximizing cash flow. Stable, income-producing property with excellent upside potential!

503 & 505 S Patterson Street | MLS# 26007896

This multi-family property located at 503 & 505 S Patterson Street , Hot Springs, AR 71913 is currently listed for sale with an asking price of $460,000. Search Hot Springs School District real estate on www.clcommercialrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central
Heating: Central Heat
Home Style: Traditional
Lot Size: 0.40 Acres
Roof Type: Architectural Shingle
Stories: 1.0
Taxes: $2,423
Year Built: 1980

Amenities

Washer Connection
Dryer Connection-Electric
Hot Water Heater-Electric

Feature Descriptions

Appliance(s)/Kitchen Equipment: Free-Standing Stove, Electric Range, Dishwasher
Days on Site: 1
Expenses Include: Taxes
Exterior: Brick
Lot Dimensions: 0.4 acre(s)
Number of 2 Bedroom Unit(s): 4
Parking Notes: Parking Pads
Units: 4
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: White Stone Real Estate
Agency Phone: 501-359-3009

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: Arkansas MLS

Estimate Your Payment

Estimated Payment

$ 1,359.84 per month $1,023.76 Principal & Interest $201.92 Property Tax $134.17 Homeowner's Insurance

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