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5703 Central Avenue, 
Hot Springs, AR 71913

$1,597,000


Bed


Bath


13,846

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Greg Calaway

Lance Penfield

Baxley-Penfield-Moudy Realtors

501-315-5000

Last updated:

August 4, 2025, 02:27 PM

MLS#

25027704

Source:

AR CARMLS

About This Home

5703 Central Avenue

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

Home Facts

Multi-Family

Price Summary

1,597,000

$115 per Sq. Ft.

MLS #:

25027704

Last Updated:

August 4, 2025, 02:27 PM

Added:

24 day(s) ago


Rooms & Interior

Interior

Living Area:

13,846 Sq. Ft.


Structure

Structure

Building Area:

13,846 Sq. Ft.


Lot

Lot Size (Sq. Ft):

25,700


Finances & Disclosures

Finances

Price:

$1,597,000

Price per Sq. Ft:

$115 per Sq. Ft.

Source:AR CARMLS
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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.