119 Rugg St, Hot Springs, AR 71901
This charming 1930s two-unit apartment building in Hot Springs, Arkansas, presents a fantastic investment opportunity. Boasting a total of 2,544 square feet of net rentable space, the property sits on a generous 10,050 square foot lot (APN 54387). The building features a newly renovated exterior, including a new roof, windows, doors, and fresh paint. The upper unit offers 1,536 square feet of living space, encompassing four bedrooms and three bathrooms. The lower unit, spanning 1,008 square feet, is ready for customization to suit your vision. Enjoy breathtaking views of the Hot Springs skyline from this ideally located property. Its proximity to Bathhouse Row, the farmers market, public transportation, the Hot Springs Greenway Trails, and a variety of dining options adds to its appeal. The property is zoned residential and is conveniently located at 119 Rugg St, Hot Springs, AR 71901. This is a rare opportunity to acquire a well-maintained multifamily property in a desirable location with significant rental potential. The building consists of one structure with two stories. This is a turnkey investment ready for immediate income generation.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.