Property profile

404 Reserve St Hot Springs, AR 71901

OFF-MARKET
Residential income homes
Property ID
US05-0068432
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Property summary

AI-generated overview

This exceptional investment opportunity presents a furnished, historic 1920s home in Hot Springs, Arkansas, operating as a highly successful short-term rental (STR). Located just two blocks from both Bathhouse Row and the Hot Springs Civic Center, this property boasts an enviable location within the heart of the city's vibrant tourism district. The home's proven profitability is evidenced by its strong track record as an active and consistently profitable STR. Adding to its appeal, the sale includes an adjoining lot situated at the intersection of Reserve and Civic Streets, providing convenient paved rear access to the property. This additional land offers significant potential for expansion or enhancement of the existing rental operation. The asking price for this turnkey business is $399,000. The property is located at 404 Reserve St, Hot Springs, AR 71901, in Garland County. This is a rare chance to acquire a well-established, profitable business in a highly desirable location.

Property profile

Verified
Property type Residential income homes
UPID US05-0068432

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency

Location

404 Reserve St Hot Springs, AR 71901
Hot Springs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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