Single-Level
For Sale
$205,000
22 Reddina Lane, Hot Springs Village, AR 71909
Updated end-unit residence with accessibility features and a deck facing a wooded setting.
Property Size1,476 SF
Price / SF$138.89
Days on Market61
Property Features for 22 Reddina Lane
General Information
Standard status
Active
Size
1,476 SF
Property subtype
Condo/Townhse/Duplex/Apt
Additional Details
Multifamily Units
1
Amenities
fireplace
open deck
handicap features
hurricane shades
Building Details
Year Built
1984
Stories
1
Listing Agency:
Hot Springs Village Real Estate
(501) 922-5252
Listed By:
Deb Seibert
(501) 922-7169
Source:
Blairrealtors
Added: Sep 4
Changed: Oct 31
Last Checked: Nov 3 at 6:03AM
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 Hot Springs Village Real Estate
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Investment Insights
Based on property information with market context.
This 1,476-square-foot townhome, built in 1984, has three bedrooms and two bathrooms on one level. Interior features include a fireplace, updated flooring, and hurricane shades. The kitchen has stainless steel appliances, refreshed cabinetry, and new countertops; the primary bathroom includes a step-in shower. Accessibility features have also been installed.
As an end unit in Guadalajara Courts, the residence includes an open deck oriented toward the woods.
As an end unit in Guadalajara Courts, the residence includes an open deck oriented toward the woods.
Key Highlights
- 1,476‑square‑foot, single‑level townhome with 3 bedrooms and 2 bathrooms
- End‑unit residence with an open deck facing a wooded setting
- Kitchen updated with new countertops, painted cabinets, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,108
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,160
$182.2K
Cap Rate 7%
$130,114
$130.1K
Cap Rate 9%
$101,200
$101.2K
Market Conditions
NOI Build-Up for 1,476 SF
Gross rent
$17.7K $12.00/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$16.6K $11.22/SF
− OpEx
−$7.5K −$5.05/SF
NOI
$9.1K $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%
$182,160
Cap Rate 7%
$130,114
Cap Rate 9%
$101,200
Alternative Uses
Best Use
Apartment 5plus
$130.1K
$113.9K – $151.8K
NOI $9,108 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$269.9K
$236.2K – $314.9K
NOI $18,895 @ 7.0% cap · market cap 9.22%
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
93
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 - Updated end-unit residence with accessibility features and a deck facing a wooded setting.
Where is this residential income property located?
The property is located at 22 Reddina Lane Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 1,476‑square‑foot, single‑level townhome with 3 bedrooms and 2 bathrooms; End‑unit residence with an open deck facing a wooded setting; Kitchen updated with new countertops, painted cabinets, and stainless steel appliances
