803 Mineral St Hot Springs, AR 71901

This charming 2-bedroom, 1-bathroom motel in Hot Springs, Arkansas, presents a fantastic investment opportunity. Built in 1930 and completely renovated in 2024, this 859-square-foot property boasts a strong 8.07% cap rate, generating a net operating income (NOI) of $16,099. The asking price is $189,500, translating to $220.61 per square foot and $94,750 per bedroom. Situated on a 7,289-square-foot lot (APN 37291), the motel is conveniently located at 803 Mineral St, Hot Springs, AR 71901, near hiking and biking trails and the vibrant downtown area. Currently operating as a licensed short-term rental (STR), this turnkey property is fully furnished and ready for immediate income generation. The property's residential zoning allows for potential expansion. The unfinished upstairs studio space offers a significant value-add opportunity, with the potential to add heated/cooled square footage and create an additional bedroom, increasing the property's revenue potential. This is a rare chance to acquire a profitable, established business with significant upside in a desirable location. The property's strong performance and renovation make it an attractive investment for both seasoned and new investors seeking a turnkey operation in the thriving Hot Springs market.