Lake-View Residential Income
For Sale
$275,000
179 Marina Point Unit C, Hot Springs, AR 71913
Updated lake-view residence with a private deck, furnished interiors, and flexible recreational storage in the Diamondhead community.
Property Size1,380 SF
Days on Market42
Property Features for 179 Marina Point Unit C
General Information
Standard status
Active
Size
1,380 SF
Total Parking Spaces
2
Property subtype
Condo/Townhse/Duplex/Apt
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$1,458
Amenities
private deck
lake views
water access
Building Details
Building Size
1,380 SF
Year Built
2002
Listing Agency:
Keller Williams Realty The Bergeron Group
(817) 879-2853
Listed By:
Nancy Bergeron
(817) 879-2853
Source:
Whitestonearkansas
Added: Jun 25
Changed: Aug 2
Last Checked: Aug 5 at 4:59AM
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 Keller Williams Realty The Bergeron Group
Investment Insights
Based on property information with market context.
Built in 2002, this updated residential income property presents a two-bedroom, two-bath layout with an open main level combining living, dining, and kitchen areas. Large windows frame Lake Catherine, while a private deck extends the living space outdoors. Both bedrooms are positioned upstairs and include closet storage. The property is offered mostly furnished and includes an extra-deep, oversized two-car garage with room for vehicles, a golf cart, boat and lake equipment, workshop use, or additional storage.
The residence is located in the Diamondhead community on Lake Catherine, with access to nearby boating, fishing, kayaking, hiking trails, Lake Catherine State Park, Diamondhead Marina, and the community golf course. Hot Springs National Park, Oaklawn Racing Casino Resort, Bathhouse Row, shopping, dining, and entertainment are approximately 20 minutes away. A boat slip is negotiable, and short-term rental use is identified as a possibility subject to local regulations.
The residence is located in the Diamondhead community on Lake Catherine, with access to nearby boating, fishing, kayaking, hiking trails, Lake Catherine State Park, Diamondhead Marina, and the community golf course. Hot Springs National Park, Oaklawn Racing Casino Resort, Bathhouse Row, shopping, dining, and entertainment are approximately 20 minutes away. A boat slip is negotiable, and short-term rental use is identified as a possibility subject to local regulations.
Key Highlights
- Lake Catherine views from large windows and a private deck
- Updated two‑bedroom, two‑bath layout with open living, dining, and kitchen areas
- Extra‑deep oversized two‑car garage accommodates vehicles, a golf cart, boat gear, or workshop space
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 | $16.6k | $12.00 |
| − Vacancy | −$1.1k | −$0.78 |
| EGI | $15.5k | $11.22 |
| − OpEx | −$7.0k | −$5.05 |
| NOI | $8.5k | $6.17 |
1,380 SF · lease $12.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$121.7K
$106.5K – $141.9K
NOI $8,516 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.4K
$220.8K – $294.4K
NOI $17,666 @ 7.0% cap · market cap 6.42%
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
20
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?
Residential income property - Updated lake-view residence with a private deck, furnished interiors, and flexible recreational storage in the Diamondhead community.
Where is this residential income property located?
The property is located at 179 Marina Point Unit C Hot Springs, AR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Lake Catherine views from large windows and a private deck; Updated two‑bedroom, two‑bath layout with open living, dining, and kitchen areas; Extra‑deep oversized two‑car garage accommodates vehicles, a golf cart, boat gear, or workshop space
