1148 Pleasant St, Hot Springs, AR 71901
This 1-unit, single-family rental property located at 1148 Pleasant St, Hot Springs, AR 71901, presents a compelling value-add investment opportunity. Built in 1920, this 1,376 square foot home sits on a 5,477 square foot lot and is zoned residential. The property features a recently installed roof and completely new plumbing (city-inspected and approved). Original details, including a 100+ year old fireplace and cabinetry, offer unique character and charm. The property's excellent visibility and location in Garland County, Arkansas, contribute to its strong rental potential. This is a chance to restore a historic home while capitalizing on the demand for rental properties in the Hot Springs area. The property's APN is 84611. The home's historical features, combined with the updated plumbing and roof, provide a solid foundation for a successful renovation project. This single-story building offers a unique opportunity to blend historical charm with modern amenities, creating a highly desirable rental property. The asking price is $75,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.