Property Description

Welcome to 200 Hawthorne, a rare opportunity to own a beautifully maintained multi-family investment property in the heart of Hot Springs. Constructed in 1945, this solidly built six-unit apartment building offers timeless character, strong rental appeal, and dependable long-term cash flow. The property consists of four 2 bedroom, 1 bath units and two 1 bedroom, 1 bath units. All apartments are equipped with either central heating and cooling or mini-split systems for tenant comfort and efficiency. Inside, tenants enjoy classic architectural details including hardwood floors, French doors, and spacious well-designed floorplans that continue to make this a highly desirable place to live. Positioned directly across from the revenue office and the main courthouse within the legal district, the location is exceptional ? adjacent to historic downtown Hot Springs with convenient access to shopping, dining, entertainment, and public transportation. The property also includes an additional lot, ample parking, and attractive mountain views. The approximately 9,700 square foot (approximately 901 square meters) structure is built on a concrete slab foundation with durable brick veneer construction and presents extremely well from the street. Electric and gas utilities are separately metered for each unit, while water is serviced through a single main meter. Stable occupancy history, generously sized apartments, and excellent upkeep combine to create an outstanding investment opportunity. Yearly: Income-$75,078 Taxes-$3582 Insurance-$10,788 Water/Sewer/Trash-$4200 Maintenance-$1800 This A+ apartment building may also be bundled with additional income-producing properties from the same investor portfolio, creating expanded opportunities for investors seeking to grow their holdings in Hot Springs.

Property Features

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