5703 CENTRAL AVENUE

Hot Springs, AR

$1,597,000

- Multi-Family

19 units

Apartments

Active

MLS # 25027704

Listing courtesy of GREG CALAWAY from BAXLEY-PENFIELD-MOUDY REALTORS.

Data last updated Monday, July 14th, 2025.

Contact Halsey Real Estate About This Listing

870.972.9191 (Jonesboro)

501.575.9191 (Benton)

brokerage@halseyre.com

About

This property is in the process of converting the apartments to Condos. Great investment opportunity for a renovation and cash-flow or flip! These are priced at 48% of the most inexpensive condos in all of Garland County. Located directly on Central Ave and in the Lakeside School District, these condos are in one of the best locations in Hot Springs. There are 19 condos in the complex - 14 one bedrooms and 5 two bedrooms. The after repair value once renovated will be about $200k per condo, totalling $3.8 million once all sold. They are located in the county and are approved for Short Term Rentals - giving the buyer flexibility to flip, rent long term, and or run as short term rentals. You can purchase all or seller is willing to sell them individually for $90,000.00 each

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5703 CENTRAL AVENUE Hot Springs, AR

5703 CENTRAL AVENUE

Hot Springs, AR