Two-Bedroom Residential
For Sale
$165,000
109 Indian Hills #B5, Hot Springs, AR 71913
Single-level condo in a 55+ community with appliances included and exterior upkeep handled by the POA.
Property Size1,350 SF
Price / SF$122.22
Days on Market77
Property Features for 109 Indian Hills #B5
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Condo/Townhse/Duplex/Apt
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
water
exterior lawn care
exterior maintenance
garbage service
exterior insurance
Building Details
Year Built
1987
Listing Agency:
The Goff Group Real Estate Company
(501) 525-0908
Listed By:
Haleigh Horner
(501) 617-3874
Source:
Dustinwhiterealty
Added: Aug 21
Changed: Nov 4
Last Checked: Nov 4 at 7:03AM
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 The Goff Group Real Estate Company
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Investment Insights
Based on property information with market context.
This 1,350-square-foot condo, built in 1987, has two bedrooms, two full bathrooms, and single-level living. New flooring extends through the living space, and the appliances convey. The community is designated for residents age 55 and older.
The POA covers water, lawn care, exterior maintenance, garbage service, and exterior insurance. Oaklawn Racing Casino Resort, Central Avenue shopping, hospitals, dining, and Bathhouse Row are described as minutes away.
The POA covers water, lawn care, exterior maintenance, garbage service, and exterior insurance. Oaklawn Racing Casino Resort, Central Avenue shopping, hospitals, dining, and Bathhouse Row are described as minutes away.
Key Highlights
- Two bedrooms and two full bathrooms
- 1,350 square feet; built in 1987
- 55+ community with single‑level living
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,331
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,620
$166.6K
Cap Rate 7%
$119,014
$119.0K
Cap Rate 9%
$92,567
$92.6K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$16.2K $12.00/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$15.1K $11.22/SF
− OpEx
−$6.8K −$5.05/SF
NOI
$8.3K $6.17/SF
Area
Garland County, AR
Vacancy
6.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,620
Cap Rate 7%
$119,014
Cap Rate 9%
$92,567
Alternative Uses
Best Use
Apartment 5plus
$119.0K
$104.1K – $138.9K
NOI $8,331 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$246.9K
$216.0K – $288.0K
NOI $17,282 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
568
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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Frequently Asked Questions
What type of property is this?
Residential income property - Single-level condo in a 55+ community with appliances included and exterior upkeep handled by the POA.
Where is this residential income property located?
The property is located at 109 Indian Hills #B5 Hot Springs, AR.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; 1,350 square feet; built in 1987; 55+ community with single‑level living
