USAARHot SpringsHsr125 Oak Street
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125 Oak Street, Hot Springs, AR

Condo

For Sale

Listed price in listed location currency (USD).
$2,945,000

000

MLS® 155515

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 64710 sqft
Garage 
HOA Fees 
Taxes $18,304
Days Active 0
Approx. Age 1913
Avg. Price Per Sqft $45
MLS® Number 155515

Property Address: 125 Oak Street, Hot Springs, AR, 71901

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

Description

Investors - Look at the returns here. Great property. Roof 2-3 years, HVAC systems 2 years, fully sprinkled fire suppression, elevator, ADA accessibility, common coin laundry room or in unit laundry option, electric metered separately, solid well maintained building, units in excellent repair, great location, tranquil setting with excellent views in all direction, easily +10, 000ft²/929m² underutilized space to add additional rental units as desired. Initial major remodel when building was placed back in service approximately 2005 with continued maintenance. 31 total apartments 1br-5, 2br-18, 3br-8 with additional venue rental & party rooms. Historically contributing, but not restricted. Yearly- Electric $16, 116, Internet & office phone $6299 (includes Air BnB & 1 Tenant), Water, Sewer, Trash $16, 274, Taxes $18, 304, Insurance $42, 840, Elevator- contract, inspection, permit & emergency phone $5831, Cameras/Security $3617, Fire monitoring and service contract $1834, city business & STR permits $470, Pest & Termite $2024 - Expense $113, 609 - Income $455, 293 (includes rent, storage, tenant utility contribution, laundry, event space rental, non-refundable pet deposit, pet rent, STR, application fee) NOI $341, 684 with a 10% vacancy rate and Cap of 11%. Income reflects some late 2025 downtime for remodel post long term contract. Without adding additional units, realizing $500k+ plus in gross is very reasonable. Owner operated. Leases on file.
MLS® Number155515
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1913
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 15, 2026List Date
$2,945,000List Price
  • Commute

Commute

Starting Address
Destination Address
125 Oak Street, Hot Springs, AR

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