USAARHot SpringsMetes &Amp; Bounds5703 Central Ave
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$994,400

For Sale

5 hours ago

5703 Central Ave, Hot Springs, AR

Condo

MLS® 26020486

0 Bed

0 Bath

13846 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 13846 sqft
Garage 
HOA Fees 
Taxes $66,284
Days Active 0
Approx. Age 0
Avg. Price Per Sqft $71
MLS® Number 26020486

Property Address: 5703 Central Ave, Hot Springs, AR, 71913-1824

Average square foot calculated using Size range provided by listing agent.

Description

First 18 pictures are rendering's of how it could look. "Great investment opportunity, with 19 units in prized Lakeside School District and a quarter miles access to Lake Hamilton. Renovate the units or use our architectural blue prints to increase unit sq ft and overall value. Total units 19: total built out units 18 with 8 units via 4 duplexes in the back of the property and 10 finished units and 1 unfinished unit in the front building. Recently converted to condos giving investor opportunity to sell for higher LTV down the road. Renovate then lease all yearly or even all Airbnb (no permit req'd as located in Garland County, outside of city of Hot Springs limits) and/or sell all units. The investor would own the entire condo association and all units in it." If renovated into the plans, the investor would have: 8 3 bed/2.5 baths, 8 2 bed/2 baths, and 3 1 bed/1.5 baths. We envisioned having the main building be accessible on Central with a slider gate at the front and fencing around, then adding either carports or garages (11) parallel to the 11 unit main building. Then in for the back 8 units, have another gate entering from Long Beach with 8 covered parking or garages.
MLS® Number26020486
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age0
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 21, 2026List Date
$994,400List Price
  • Commute

Commute

Starting Address
Destination Address
5703 Central Ave, Hot Springs, AR

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