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503 & 505 S Patterson, Hot Springs, AR 71913

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

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New to the Market Active
BEDS0 BATHS MLS#154312
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONNone NEIGHBORHOODHOT SPRINGS SCHOOLHot Springs

Property Description

Excellent Investment Opportunity! This well-maintained property features two brick duplexes, offering a total of four 2-bedroom, 2-bath units?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 $925?$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 | MLS# 154312

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

Property Features

Property Type: Multi Unit - Multiple
Home Style: Traditional
Lot Size: 0
Property Type: Four-Plex
Roof Type: Architectural Shingle, Composition
Stories: 3.0
Year Built: 1980

Feature Descriptions

Appliances: Dishwasher, Electric Range, Free-Standing Stove
Energy: Insulated Windows
Exterior: Brick
Foundation: Crawl Space
Heating/Cooling: Central Cool-Electric, Central Heat-Electric
Interior: Dryer Connection-Electric, Hot Water Heater-Electric, Washer Connection
Lot: Level
Lot Dimensions: 0.40
Road Surface: Paved
Units: 4
Utilities: Electric-Entergy, Sewer-Public, TV-Cable, Water-Public
Waterfront: Creek

Local Schools

School District: Hot Springs

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: Hot Springs MLS

Estimate Your Payment

Estimated Payment

$ 1,157.93 per month $1,023.76 Principal & Interest $0.00 Property Tax (data not provided by mls) $134.17 Homeowner's Insurance

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