For Sale
$85,000

111 Shadow Ter Hot Springs, AR 71901

Two-unit apartment building, prime location, remodel opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
137
This charming two-unit apartment building presents a fantastic value-add opportunity in the desirable Hot Springs, Arkansas market. Located at 111 Shadow Terrace, this property boasts a prime location nestled between the vibrant Historic Downtown Hot Springs and the exciting Oaklawn Racetrack and Gaming. The building, constructed in 1938, features a total of 2,050 square feet of net rentable space, spread across two units within a two-story structure. Sitting on a spacious 10,875 square foot lot (APN 37135), the property is zoned for residential use. The building has recently benefited from a new roof, significantly reducing immediate maintenance concerns. With a little TLC, this property offers substantial rental income potential. The asking price is $85,000, making it an attractive investment for those seeking a hands-on project with significant upside. This is a rare opportunity to acquire a well-situated duplex in a thriving Arkansas city. Investors will appreciate the strong potential for rental income and the convenience of a centrally located property. Don't miss this chance to capitalize on the growing Hot Springs real estate market.

Highlights

  • $85,000 asking price for a value-add opportunity.
  • Two-unit apartment building in Hot Springs, AR.
  • 2,050 square feet on a 10,875 square foot lot.
  • Built in 1938, two stories, one building.
  • Centrally located between downtown Hot Springs and Oaklawn Racetrack.
  • New roof.

Property Details for 111 Shadow Ter

Property type
Apartment buildings
Square Feet
2,050 SF
Year Built
1938
Buildings
1
Stories
2
Units
2

Location Insight

City
Hot Springs
County
Garland
State
Arkansas
Latitude
34.4998752
Longitude
-93.0521146

FAQs

What type of property is this?
Apartment building - Two-unit apartment building, prime location, remodel opportunity.
Where is the apartment building located?
The property is located at 111 Shadow Ter Hot Springs, AR.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: $85,000 asking price for a value-add opportunity.; Two-unit apartment building in Hot Springs, AR.; 2,050 square feet on a 10,875 square foot lot.
How can I contact the broker?
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111 Shadow Ter
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