2-Bedroom Townhome with Arkansas
For Sale
$149,900
21 Sandalo Lane, Hot Springs Village, AR 71909
Mostly furnished residence with an additional owner’s storage closet and a wooded outlook.
Property Size1,206 SF
Price / SF$124.30
Days on Market25
Property Features for 21 Sandalo Lane
General Information
Standard status
Active
Size
1,206 SF
Property subtype
Condo/Townhse/Duplex/Apt
Units
Unit Mix
2BR/1.5BA
Multifamily Units
1
Additional Details
Furnished
Yes
Amenities
golf courses
hiking trails
pickleball and tennis courts
fitness center
indoor swimming pool
outdoor swimming pool
gated community
Building Details
Year Built
1984
Listing Agency:
RE/MAX of Hot Springs Village
(501) 922-3777
Listed By:
Patricia Bollier · License #SA00062457
(501) 425-0134
Source:
Dustinwhiterealty
Added: Oct 11
Changed: Nov 3
Last Checked: Nov 4 at 7:01AM
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 RE/MAX of Hot Springs Village
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Investment Insights
Based on property information with market context.
This 2-bedroom, 1.5-bath townhome in La Coruna Courts was built in 1984 and is offered mostly furnished. The 1,206-square-foot layout includes an Arkansas Room and a separate 6' x 8' owner’s closet that is not shown on the floor plan. Improvements include a roof and carpet installed in 2023, appliances updated in 2025, and a water heater and plumbing replaced in 2018.
The property is on the West End of Hot Springs Village, near shopping, dining, golf courses, and community amenities. The surrounding setting includes wooded views from the Arkansas Room.
The property is on the West End of Hot Springs Village, near shopping, dining, golf courses, and community amenities. The surrounding setting includes wooded views from the Arkansas Room.
Key Highlights
- 2 bedrooms and 1.5 baths in 1,206 square feet
- 6' x 8' owner’s closet provides separate storage
- Roof and carpet updated in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,442
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$148,840
$148.8K
Cap Rate 7%
$106,314
$106.3K
Cap Rate 9%
$82,689
$82.7K
Market Conditions
NOI Build-Up for 1,206 SF
Gross rent
$14.5K $12.00/SF
− Vacancy
−$941 −$0.78/SF
EGI
$13.5K $11.22/SF
− OpEx
−$6.1K −$5.05/SF
NOI
$7.4K $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%
$148,840
Cap Rate 7%
$106,314
Cap Rate 9%
$82,689
Alternative Uses
Best Use
Apartment 5plus
$106.3K
$93.0K – $124.0K
NOI $7,442 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$220.6K
$193.0K – $257.3K
NOI $15,439 @ 7.0% cap · market cap 10.30%
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
26
Businesses Nearby
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Business Placement
Demographics for 71909, AR
17,935
Population
10,563
Households
1.7
Avg Household Size
67
Median Age
33%
College-Educated
97%
High-School Grad
79.3 sq mi
ZIP Area
226
Density / Sq Mi
$69,171
Median Household Income
$31,165
Median Earnings
$1,143
Median Rent
$255,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Mostly furnished residence with an additional owner’s storage closet and a wooded outlook.
Where is this residential income property located?
The property is located at 21 Sandalo Lane Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 2 bedrooms and 1.5 baths in 1,206 square feet; 6' x 8' owner’s closet provides separate storage; Roof and carpet updated in 2023
