240 Indian Springs Rd
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240 Indian Springs Rd
6 Unit Apartment Building $882,500 ($147,083/Unit) Hot Springs, AR 71901
Executive Summary
This quaint, 6-unit apartment complex is a rare find in Lakeside School District. Bordered by mature trees and tucked away on 2.6 acres
at the end of a quiet road, tenants will love the seclusion this complex offers. The large tract of acreage allows for future development
/expansion and abundant options. Inside, each unit is a 2 -bedroom, 2 1/2-bathroom home, over 1200 square feet each, with sliding glass
doors to a private patio area. The kitchen area is open and airy, with stainless appliances (One has white appliances), a breakfast bar,
and walk-in pantry. The master bedroom & guest bedroom are upstairs, both with roomy closets, a master bath with 2 sinks, Jacuzzi tub,
and a separate shower. Roofs replaced May 2015, H/VAC are various ages.
at the end of a quiet road, tenants will love the seclusion this complex offers. The large tract of acreage allows for future development
/expansion and abundant options. Inside, each unit is a 2 -bedroom, 2 1/2-bathroom home, over 1200 square feet each, with sliding glass
doors to a private patio area. The kitchen area is open and airy, with stainless appliances (One has white appliances), a breakfast bar,
and walk-in pantry. The master bedroom & guest bedroom are upstairs, both with roomy closets, a master bath with 2 sinks, Jacuzzi tub,
and a separate shower. Roofs replaced May 2015, H/VAC are various ages.
Property Facts
| Price | $882,500 | Apartment Style | Low Rise |
| Price Per Unit | $147,083 | Building Class | B |
| Sale Type | Investment | Lot Size | 2.35 AC |
| No. Units | 6 | Building Size | 8,562 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2000 |
| Price | $882,500 |
| Price Per Unit | $147,083 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 2.35 AC |
| Building Size | 8,562 SF |
| No. Stories | 2 |
| Year Built | 2000 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 6 | - | - |
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PROPERTY TAXES
| Parcel Number | 017704 | Improvements Assessment | $45,680 |
| Land Assessment | $44,550 | Total Assessment | $90,230 |
PROPERTY TAXES
Parcel Number
017704
Land Assessment
$44,550
Improvements Assessment
$45,680
Total Assessment
$90,230
zoning
| Zoning Code | Multi-Family (Multi-Family) |
| Multi-Family (Multi-Family) |
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240 Indian Springs Rd
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