Seven-Unit Duplex
New
For Sale
$1,899,999
100-107 Calli Lane, Hot Springs, AR 71913
The occupied rental portfolio includes updated interiors and central heating and cooling across its buildings.
Property Size17,097 SF
Price / SF$111.13
Days on Market2
Property Features for 100-107 Calli Lane
General Information
Standard status
Active
Size
17,097 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
6 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
7
Additional Details
Gross Income
$180,000
Tenant in Place
Yes
Building Details
Buildings
7
Listing Agency:
ESQ. Realty Group - Hot Springs
(501) 255-0509
Listed By:
James Tucker
(501) 940-1381
Source:
Arprorealty
Added: Nov 4
Last Checked: Nov 4 at 2:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ESQ. Realty Group - Hot Springs
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Investment Insights
Based on property information with market context.
This multifamily property comprises seven duplex buildings with 14 units: six offer three bedrooms and two bathrooms, while the remaining unit has two bedrooms, two bathrooms, and a garage. The portfolio totals 17,097 square feet and is fully occupied. Interior improvements include updated appliances, flooring, fixtures, and central heat and air systems. New roofs were installed on all seven buildings in 2023.
Tenants pay all utilities. The property is on Calli Lane in Hot Springs, behind the Central Avenue Walmart and near Lake Hamilton, shopping, and restaurants.
Tenants pay all utilities. The property is on Calli Lane in Hot Springs, behind the Central Avenue Walmart and near Lake Hamilton, shopping, and restaurants.
Key Highlights
- Seven duplex buildings with 14 rental units
- Six 3BR/2BA units and one 2BR/2BA unit with a garage
- 17,097 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,917
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,258,340
$2.3M
Cap Rate 7%
$1,613,100
$1.6M
Cap Rate 9%
$1,254,633
$1.3M
Market Conditions
NOI Build-Up for 17,097 SF
Gross rent
$174.4K $10.20/SF
− Vacancy
−$13.1K −$0.77/SF
EGI
$161.3K $9.44/SF
− OpEx
−$48.4K −$2.83/SF
NOI
$112.9K $6.60/SF
Area
Garland County, AR
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,258,340
Cap Rate 7%
$1,613,100
Cap Rate 9%
$1,254,633
Alternative Uses
Best Use
Multifamily LT 5
$1.61M
$1.41M – $1.88M
NOI $112,917 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,506 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $218,869 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The occupied rental portfolio includes updated interiors and central heating and cooling across its buildings.
Where is this multifamily property located?
The property is located at 100-107 Calli Lane Hot Springs, AR.
What is the asking price?
The asking price for this property is $1,899,999.
What are key features of this property?
This property features: Seven duplex buildings with 14 rental units; Six 3BR/2BA units and one 2BR/2BA unit with a garage; 17,097 square feet
