🏡 Buy & Hold – Hot Springs, AR Investment Opportunity! 🏡
📍 Location: 109 Archwood St, Hot Springs, AR 71901
💰 Price: $65,000
🏠 Beds/Baths: 3 🛏️ | 1 🛁
📏 1,433 sqft – Built in 1925 – 7,000 sqft Lot
✨ Property Highlights:
✅ Plumbing & electrical fully redone and up to code (GFCIs, smoke detectors)
✅ Gas lines replaced
✅ Roof ~10 years old with no known leaks (per previous owner)
✅ Hardwood flooring throughout most of the home
✅ Water heater ~10 years old and working well
✅ Mix of standard + aluminum storm windows
✅ Concrete foundation, no known settling issues
🔧 Rehab & Cosmetic Work Needed:
• HVAC not working – currently using window units
• Kitchen and one room need ceiling work (tiles removed)
• Flooring in one room has minor rot; snap-together flooring in other areas
• Painting required (~$5,000 est.) to bring to HUD standard
• Original layout with functional kitchen/bath fixtures from earlier era
🏡 Occupancy Status:
• Tenant in place paying $700/month
• Current owner plans to move the tenant into another of his rentals by the end of October 2025
🌳 Hot Springs Location – Ideal for Buy & Hold or Light Flip 🌳
Located near downtown Hot Springs, this 3-bed, 1-bath property offers solid bones with all major systems upgraded. Perfect for landlords looking to secure a property with income while prepping for full rental turnover or resale.
💡 Investor Notes:
• Transitioning tenant allows cash flow during prep period
• Strong rental market – $1,000–$1,200 potential after light updates
• ARV estimated at $110K–$130K+ with completed cosmetics
• Perfect for Section 8 or HUD housing once updates are complete
📩 Call for details or to schedule a private showing! 🚀