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
Active
Price increase: $598K (7/14)
$1,597,000
5703 Central Ave, Hot Springs National Park, AR 71913
--beds
--baths
13,846sqft
Est.:
Apartment
Built in ----
-- sqft lot
$1,428,900 Zestimate®
$115/sqft
$-- HOA
What's special
- 45 days
- on Zillow |
- 98 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: July 20, 2025 at 11:22pm
Listed by:
Greg M Calaway 501-529-1921,
Baxley-Penfield-Moudy Realtors 501-315-5000,
Lance Penfield 501-529-9000,
Baxley-Penfield-Moudy Realtors
Source: CARMLS,MLS#: 25027704

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Other
Features
- See Remarks
- Flooring: Other
- Basement: None
Interior area
- Total structure area: 13,846
- Total interior livable area: 13,846 sqft
Video & virtual tour
Property
Parking
- Parking features: Other
Features
- Levels: One
- Exterior features: Dumpster
Lot
- Size: 0.59 Acres
- Dimensions: 153 x 173
- Features: Level, Split Possible
Details
- Zoning: COMM. INPR
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other (see remarks)
- Property subtype: Apartment
Materials
- Metal/Vinyl Siding
- Foundation: Slab
- Roof: Metal
Condition
- New construction: No
Utilities & green energy
- Electric: Electric-Municipal
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Other
- Subdivision: Metes & Bounds
Location
- Region: Hot Springs National Park
Financial & listing details
- Price per square foot: $115/sqft
- Annual tax amount: $66,284
- Date on market: 7/14/2025
- Listing terms: Conventional,Cash
- Lease term: Month To Month
- Tenant pays: Other
- Road surface type: Paved
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