Waterfront Residential Income
For Sale
$429,000
150 Villa Pointe Unit B, Hot Springs, AR 71913
Two-bedroom residence in a gated Lake Hamilton community with private balconies and access to a community pool.
Property Size2,282 SF
Price / SF$187.99
Days on Market13
Property Features for 150 Villa Pointe Unit B
General Information
Standard status
Active
Size
2,282 SF
Property subtype
Condo/Townhse/Duplex/Apt
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,188
Amenities
balcony
pool
gated community
waterfront
Building Details
Building Size
2,282 SF
Year Built
2021
Listing Agency:
Crye-Leike REALTORS
(501) 276-4510
Listed By:
Nedra Plumlee · License #EB00042722
(501) 276-4510
Source:
Whitestonearkansas
Added: Jul 24
Changed: Aug 2
Last Checked: Aug 5 at 4:58AM
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 Crye-Leike REALTORS
Investment Insights
Based on property information with market context.
Built in 2021, this 2,282-square-foot residential income property includes two bedrooms and two bathrooms within a gated waterfront community on Lake Hamilton. The residence features an open living and dining area, a primary suite with direct balcony access, and a second bedroom positioned on the opposite side of the home for added separation. Private outdoor space overlooks the community pool and captures expansive lake-oriented views.
The property is located in the 7 South corridor of Hot Springs, Arkansas. Its combination of a waterfront setting, private balconies, and an open-concept interior provides a defined residential layout with space for both daily living and entertaining.
The property is located in the 7 South corridor of Hot Springs, Arkansas. Its combination of a waterfront setting, private balconies, and an open-concept interior provides a defined residential layout with space for both daily living and entertaining.
Key Highlights
- 2,282‑square‑foot residence with 2 bedrooms and 2 bathrooms
- Built in 2021
- Gated waterfront community on Lake Hamilton
Financial Insights For Apartment 5plus
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 | $27.4k | $12.00 |
| − Vacancy | −$1.8k | −$0.78 |
| EGI | $25.6k | $11.22 |
| − OpEx | −$11.5k | −$5.05 |
| NOI | $14.1k | $6.17 |
2,282 SF · lease $12.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$201.2K
$176.0K – $234.7K
NOI $14,082 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.3K
$365.2K – $486.9K
NOI $29,213 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
199
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom residence in a gated Lake Hamilton community with private balconies and access to a community pool.
Where is this residential income property located?
The property is located at 150 Villa Pointe Unit B Hot Springs, AR.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 2,282‑square‑foot residence with 2 bedrooms and 2 bathrooms; Built in 2021; Gated waterfront community on Lake Hamilton
