Short-Term Rental Condo with
208 Southridge Lane #A4, Hot Springs, AR 71913
For Sale
$194,900
An existing short-term rental license accompanies the residence, subject to buyer verification of transfer and rental requirements.
Property Size1,408 SF
Price / SF$138.42
Days on Market33
Property Features for 208 Southridge Lane #A4
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
electric fireplace
breakfast bar
sunroom
deck
walk-in closet
walk-in shower
storage unit
Building Details
Year Built
Listing Agency:
Keller Williams Realty Premier
(501) 907-5959
Listed By:
Estefany Adams
(501) 412-7080
Source:
Dustinwhiterealty
Added: Oct 8
Changed: Nov 9
Last Checked: Nov 9 at 7:37AM
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 Premier
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Investment Insights
Based on property information with market context.
This upper-level condo in Hot Springs has 2 bedrooms, 2 bathrooms, and 1,408 square feet. The layout includes a living area with an electric fireplace, a kitchen with breakfast bar, and a sunroom that opens to a deck. The primary suite features a walk-in closet and walk-in shower. The deck replacement is dated 2026; updates also include a water heater, air conditioner, dishwasher, and dryer. The building dates to 2004.
The unit comes with two assigned covered parking spaces and an 8-by-10-foot storage unit. Shopping, restaurants, groceries, medical facilities, and the expressway are nearby. The seller holds a short-term rental license; transferability and applicable rental requirements require buyer verification. Furnishings may be purchased separately by negotiation.
The unit comes with two assigned covered parking spaces and an 8-by-10-foot storage unit. Shopping, restaurants, groceries, medical facilities, and the expressway are nearby. The seller holds a short-term rental license; transferability and applicable rental requirements require buyer verification. Furnishings may be purchased separately by negotiation.
Key Highlights
- Upper‑level condo with 2 bedrooms, 2 bathrooms, and 1,408 square feet
- Seller holds a short‑term rental license; buyer to verify transferability and rental requirements
- Sunroom opens to a deck replaced in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,689
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,780
$173.8K
Cap Rate 7%
$124,129
$124.1K
Cap Rate 9%
$96,544
$96.5K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$16.9K $12.00/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$15.8K $11.22/SF
− OpEx
−$7.1K −$5.05/SF
NOI
$8.7K $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%
$173,780
Cap Rate 7%
$124,129
Cap Rate 9%
$96,544
Alternative Uses
Best Use
Apartment 5plus
$124.1K
$108.6K – $144.8K
NOI $8,689 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$257.5K
$225.3K – $300.4K
NOI $18,025 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
29
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
$179,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Short term rental properties in Hot Springs, AR
Properties on Market for Short term rental properties in Hot Springs
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - An existing short-term rental license accompanies the residence, subject to buyer verification of transfer and rental requirements.
Where is this short term rental property located?
The property is located at 208 Southridge Lane #A4 Hot Springs, AR.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: Upper‑level condo with 2 bedrooms, 2 bathrooms, and 1,408 square feet; Seller holds a short‑term rental license; buyer to verify transferability and rental requirements; Sunroom opens to a deck replaced in 2026
