265 Glade St Hot Springs, AR 71901
- Residential income homes
- 1,288 SF
Current Use by Public Records
- Residential income homes
Property Details for 265 Glade St
- Year built
- 1935
- Property size
- 1,288 SF
- Property type
- Residential income homes
- APN
- 35592
Description
This 1935-built, single-family home in Hot Springs, AR (APN 35592), underwent a complete renovation in 2024. Boasting 1,288 square feet on a 5,683 square foot lot, this property offers a compelling investment opportunity. The property features a spacious open floor plan, new stainless steel appliances, energy-efficient windows and HVAC system, updated plumbing and electrical, and a fully fenced backyard with a large carport. Located near downtown Hot Springs and the National Forest, it benefits from proximity to walking and mountain biking trails. The property generates a strong NOI of $15,840, resulting in a 7.94% cap rate. The asking price is $199,500, translating to $154.89 per square foot. The permitted zoning is residential. This turnkey investment is ideal for a passive income stream. Please schedule a showing to explore this exceptional opportunity. Do not disturb tenants.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -93.056558204492
- Latitude
- 34.526896181402
