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    OFF-MARKET
    Residential income homes

    404 Reserve St, Hot Springs, AR 71901

    Property ID
    US05-0068432
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Lot Store Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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