Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1950
Sq.Footage
9,470
Very rare opportunity to own a 14 unit motel on Lake Hamilton! This one acre lake property boasts 14 charming rental units, along with a unique, historic home built in 1898! This former apartment complex has been totally revamped into a charming short term rental complex. The current owner has made lots of updates throughout the property to meet current short term rental codes. STR permits have been obtained for each of the units. A brand new fire suppression system has been installed throughout the facility. The property has private boat ramp, and Entergy may approve construction of additional boat slips. There is potential to add lots of additional value by converting all of the units to Airbnbs, remodeling the home and/or constructing additional rental units on the property.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
1.0
-
Property Type
Residential Income
-
Architectural Style
Other (see remarks)
Exterior
-
Garage
Yes
-
Garage spaces
4
-
Construction Materials
Stucco
-
Other Exterior Features
Boat Slip
Financial
-
Sales Price
$1,100,000
-
Tax Amount
9145.0
-
Zoning
Lake
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Location
County
Garland
Elementary School
Hot Springs
Middle School
Hot Springs
High School
Hot Springs
Listing Courtesy of Beau Durbin , ESQ. Realty Group - Hot Springs
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REALTOR®
Terry LynneCarlson
Call Terry Lynne today to schedule a private showing.
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