Condominium Community with Infinity
For Sale
Under Contract
$320,000
116 A Legendary, Hot Springs, AR 71913
CONDOS - Hot Springs, AR
Property Size1,899 SF
Lot Size0.25 Acres
Price / SF$168.51
Days on Market157
Property Features for 116 A Legendary
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Parking features
Garage
Patio and Porch features
Patio
Interior features
Window Treatments, Walk-In Closet(s), Ceiling Fan(s), Walk-in Shower, Breakfast Bar, Kit Counter-Quartz
Exterior features
Covered Patio
Fireplace
1
Appliances
Built-In Stove, Microwave, Electric Range, Dishwasher, Disposal, Pantry, Refrigerator-Stays
Subdivision
Legends
Lot features
Level, In Subdivision
Directions
Central Ave.(7 South) past Hwy 290 junction. Turn left into the Legends Garden Homes. Follow signs. Turn right second street. Home is all of the way at the end of the private road.
Standard status
Active Under Contract
Size
1,899 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
blk/lot:001/010 01-045-20W Gar
Tax Annual Amount
1824
HOA Fee
$165 Monthly
Legal Description
blk/lot:001/010 01-045-20W Gar
Amenities
clubhouse
infinity swimming pool
workout room
Building Details
Year built
2008
Floors in Building
1
Flooring type
Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
Hot Springs Realty
(501) 525-4178
Listed By:
Harolyn Holmes
(501) 282-7718
Added: Feb 24
Changed: Jul 29
Last Checked: Jul 31 at 1:06AM
MLS# 26008196
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale condominium unit features recent cosmetic upgrades completed within the last six months. Updates include new cabinet paint, quartz countertops, backsplash, sink and faucet, hardware, a dishwasher and garbage disposal, and a lowered bar height in the kitchen. The master bath received a replaced shower along with new doors and tile, plus new cabinet paint and a framed mirror. The guest bath includes new cabinet paint and a framed mirror. Additional improvements include new interior and exterior lighting, painted interior and exterior doors, painted trim and baseboards, painted shutters, and blinds built into a patio door. A new pergola with a fan was added as well.
Beyond the unit, the community offers a clubhouse setting with an infinity swimming pool and a workout room. The property is described as being in a country setting while still near the action in Hot Springs, Arkansas.
Built for straightforward move-in readiness, the recent upgrades support a clean, updated look inside and out.
Beyond the unit, the community offers a clubhouse setting with an infinity swimming pool and a workout room. The property is described as being in a country setting while still near the action in Hot Springs, Arkansas.
Built for straightforward move-in readiness, the recent upgrades support a clean, updated look inside and out.
Key Highlights
- $50,000 in recent cosmetic upgrades completed in the last six months
- 2008 build with a composition roof
- Kitchen updates include quartz countertops, new backsplash, new sink and faucet, and dishwasher/garbage disposal
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.4k | $10.20 |
| − Vacancy | −$1.5k | −$0.77 |
| EGI | $17.9k | $9.44 |
| − OpEx | −$5.4k | −$2.83 |
| NOI | $12.5k | $6.60 |
1,899 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$179.2K
$156.8K – $209.0K
NOI $12,542 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$167.4K
$146.5K – $195.3K
NOI $11,719 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$347.3K
$303.9K – $405.2K
NOI $24,310 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Condo with recent interior and exterior cosmetic upgrades, plus community clubhouse amenities including an infinity swimming pool.
Where is this duplex located?
The property is located at 116 A Legendary Hot Springs, AR.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: $50,000 in recent cosmetic upgrades completed in the last six months; 2008 build with a composition roof; Kitchen updates include quartz countertops, new backsplash, new sink and faucet, and dishwasher/garbage disposal
