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Home For Sale

Picture of Home For Sale in Hot Springs, Arkansas, United States

$4,850,000

1203 Marion Anderson Rd
Hot Springs, Arkansas, United States

50bd 44ba

Listed By: Realtyww Info

Listed On: 06/22/2023

Listing ID: GL9929720 View More Details

Description

We are pleased to present an entire condo complex for sale, offering a unique opportunity for investors or property developers. This expansive property comprises 17 condo units, 8 duplex units, and the potential for future expansion.The condo complex is situated on a spacious 1.76-acre lot, providing ample space for additional development.The property currently has an area designated for the construction of 7 more 1-bedroom, 1-bathroom units. This presents an excellent opportunity for further expansion and potential revenue growth. The current rents for the existing units are below market rates, indicating the potential for increased rental income.By bringing the rents in line with the local market, the new owners can significantly enhance the profitability of the complex. Overall, this condo complex offers an exceptional investment opportunity with its prime lakefront location, potential for future expansion, and additional income-generating duplex units. With the potential to increase rental income and capitalize on the market demand, this property is a remarkable investment prospect. Don't miss out on the chance to acquire this unique and lucrative condo complex.

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Listed by: Lake Hamilton Realty
Source: The World Property Journal

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