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  • Price increase: $598K (7/14)
    $1,597,000

    5703 Central Ave, Hot Springs National Park, AR 71913

    --beds
    --baths
    13,846sqft
    : 
    Apartment
    Built in ----
    -- sqft lot
    $1,428,900 Zestimate®
    $115/sqft
    $-- HOA

    What's special

    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
    45 days
    on Zillow
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    98
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    2
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    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#: 25027704MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 5703 Central Ave.

    Next available tour time:Today at 1pm

    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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