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33868190
33868209

125 Oak Street, Hot Springs, AR 71901

CR
AR PB00059757, CA 02034564
Rix Realty Advantage Team Realtors
Listed by Rix Realty Advantage Team Realtors
$2,945,000
2 days on market
Updated 2 days ago
Opportunity zone

Oak Street Lofts

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 64,710
Units 31
Cap Rate 11.00%
Occupancy 90%
Rent Bumps No
Broker Co-Op True
Year Built 1913
Year Renovated 2024, 2025, 2026
Buildings 1
Stories 4
Acreage 0.7 - 1
Parking Spaces 20 spaces
Parking Per SqFt 0.31

11% Cap. 🧢💪🏽

Marketing description

Investors - Look at the returns here. Great property. Roof 2-3 years, HVAC systems 2 years, fully sprinkled fire suppression, elevator, ADA accessibility, common coin laundry room or in unit laundry option, electric metered separately, solid well maintained building, units in excellent repair, great location, tranquil setting with excellent views in all direction, easily +10,000ft²/929m² underutilized space to add additional rental units as desired. Initial major remodel when building was placed back in service approximately 2005 with continued maintenance. 31 total apartments 1br-5, 2br-18, 3br-8 with additional venue rental & party rooms. Historically contributing, but not restricted.

Yearly- Electric $16,116, Internet & office phone $6299 (includes Air BnB & 1 Tenant), Water, Sewer, Trash $16,274, Taxes $18,304, Insurance $42,840, Elevator- contract, inspection, permit & emergency phone $5831, Cameras/Security $3617, Fire monitoring and service contract $1834, city business & STR permits $470, Pest & Termite $2024 - Expense $113,609 - Income $455,293 (includes rent, storage, tenant utility contribution, laundry, event space rental, non-refundable pet deposit, pet rent, STR, application fee) NOI $341,684 with a 10% vacancy rate and Cap of 11%. Income reflects some late 2025 downtime for remodel post long term contract. Without adding additional units, realizing $500k+ plus in gross is very reasonable. Owner operated. Leases on file.

Investment highlights

Investors - Look at the returns here. Great property. Roof 2-3 years, HVAC systems 2 years, fully sprinkled fire suppression, elevator, ADA accessibility, common coin laundry room or in unit laundry option, electric metered separately, solid well maintained building, units in excellent repair, great location, tranquil setting with excellent views in all direction, easily +10,000ft²/929m² underutilized space to add additional rental units as desired. Initial major remodel when building was placed back in service approximately 2005 with continued maintenance. 31 total apartments 1br-5, 2br-18, 3br-8 with additional venue rental & party rooms. Historically contributing, but not restricted.

Yearly- Electric $16,116, Internet & office phone $6299 (includes Air BnB & 1 Tenant), Water, Sewer, Trash $16,274, Taxes $18,304, Insurance $42,840, Elevator- contract, inspection, permit & emergency phone $5831, Cameras/Security $3617, Fire monitoring and service contract $1834, city business & STR permits $470, Pest & Termite $2024 - Expense $113,609 - Income $455,293 (includes rent, storage, tenant utility contribution, laundry, event space rental, non-refundable pet deposit, pet rent, STR, application fee) NOI $341,684 with a 10% vacancy rate and Cap of 11%. Income reflects some late 2025 downtime for remodel post long term contract. Without adding additional units, realizing $500k+ plus in gross is very reasonable. Owner operated. Leases on file.

Listing Contacts

CR
AR PB00059757, CA 02034564
Rix Realty Advantage Team Realtors
Listed by Rix Realty Advantage Team Realtors

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Zoning

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CBD CommercialCore CommercialCentral Business District
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Last updated Jun 2, 2026 For deeper zoning details, reports are available at Zoneomics

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