240 Central Avenue

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240 Central Avenue

Hot Springs, AR 71901
Asking Price
$9.80M
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Multifamily | 101 Units | $97,030/unit <p><strong>ACCESS & CONNECTIVITY</strong></p><p>Hot Springs Intracity Transit operates three fixed bus routes and paratransit service, with all routes beginning and ending at Transportation Plaza in downtown, within a short walk of 240 Central Avenue.</p><p>The property is located along Central Avenue/Highway 7, the primary north– south arterial through downtown Hot Springs, providing direct access to neighborhoods, retail corridors, and Hot Springs National Park.</p><p>US Highway 70B and US Hig

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NOI
$80,000
Cap Rate
0.82%
DSCR
0.14
Underwater
Cash-on-Cash
-17.07%
Monthly Payment
$48,485.053
Annual Cash Flow
$-501,820.635

Location & Travel Times