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$295,000   Price Analysis
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126 Pate Ln
Hot Springs, AR 71901
12 bed 0 bath 1,120 SqFt ($263/SqFt)
7.84 acre lot. Built 2013
Listed 2024-04-13, Taxes $949
USDA Eligible
near Hot Springs, AR
 

THE INCOME PRODUCING PROPERTY CON TAINS TWO RENTAL UNITS AS WELL AS TWO CAMPER LOTS LOCATED ON APPROXIMATELY 7.84 ACRES OF LAND.

THE RENTAL UNITS ARE TWO 3BEDROOM 2 BATH DOUBLEWIDES LOCATED ON 126 AND 128 PATE LANE 2013 AND 2016 DOUBLEWIDE RENTAL PROPERTIES RENT FOR $1100.00 PER MONTH EACH. IN ADDITION, THERE IS A 14' X 30' STORAGE BUILDING LOCATED ON 132 PATE LANE WITH 1349A AND 1349B MILL CREAK ROAD CAMPER LOTS RENT FOR $400.00 PER MONTH EACH.

ALL OF THESE COMPONENTS ARE BEING SOLD TOGETHER. - QUALIFIED BUYER MUST HAVE PRE-APPROVAL LETTER OR PROOF OF FUNDS TO GAIN ACCESS TO THE DOUBLEWIDE UNITS THAT ARE TENANT OCCUPIED.


Presented by Judy Mullings at
PROGRESSIVE REALTORS.
Listing Agent Photo

Property MLS #146019 from HotSprings

Bedrooms: 12

Dryer Connection-Electric
Washer Connection
Primary Bedroom with Bath

Dishwasher
Free-Standing Stove

Sheet Rock

Central Cool-Electric
Central Heat-Electric

Storage Building
Road Surface Type: Paved

Creek

Lot Description: Creek, Level, Out of City, Rural Property, Sloped, Acreage
Lot Size Acres: 7.84
Lot Size Dimensions: Creek, Level, Not in Subdivision, Out of City, Rural Property, Sloped, Acreage
Lot Size Square Feet: 341510

Existing Lease Type: Monthly
Gross Income: 36000
Tenant Pays: Electric

School District: Cutter Mrngstar

Cutter-Morning Star Elementary School is a public elementary school located approximately 1.7 miles away.
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Cutter-Morning Star High School is a public middle and high school located approximately 1.7 miles away.
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Lighthouse Christian School is a private elementary, middle and high school located approximately 1.6 miles away.
directions icon Map directions

Number of 1 Bedroom Units: 6
Number of 3 Bedroom Units: 2

Maintenance Expense: 2173.84

Annual Tax Amount: 1757
Source Listing Status: Active
County: Garland
Directions: TRAVEL E. GRAND AVENUE, US 70 BUSINESS E. PAST MAGIC SPRINGS LEFT ON KELTON STREET TO MILL CREEK ROAD.
Source Property Type: MULTI-FAMILY
Insurance Expense: 1882.00
Area: CUTTER MORNING STAR
Source Neighborhood: CUTTER MORNING STAR
Zoning: MH Allowed, Out of City L
Property Subtype: Pkg-Single Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$20,860 + $830
$21,690
$949
2021$15,590 + $600
$16,190
$989
2020$260 + $600
$860
$65
2018$260 + $600
$860
$450
2017$260 + $600
$860
$397
2016$10,080 + $600
$10,680
$631
2015$14,680 + $7,010
$21,690
$906
2014$14,680 + $7,010
$21,690
$886
2013$14,680 + $7,010
$21,690
$839
2012$13,960 + $1,500
$15,460
$631
2011$13,960 + $1,500
$15,460
$693
2010$15,820 + $2,000
$17,820
$393
2009$15,358 + $1,139
$16,497
$628
2008$14,660 + $1,087
$15,747
$296
2007$13,962 + $1,035
$14,997
$272
2006$13,355 + $990
$14,345
$297

Price Changed 2024-04-15
$295,000
HotSprings
Listed 2024-04-13
$290,000
HotSprings
Listing removed 2024-04-08
$0
HotSprings
Price Changed 2023-08-09
$290,000
HotSprings
Listed 2023-03-08
$250,000
HotSprings
Sold 1997-05-26
$61,000
Public Record

Net Operating Income: 29470.00
Operating Expense Includes: Taxes

Total Square Feet Living: 1120
Year Built: 2013
Building Exterior Type: Metal/Vinyl Siding
Living Area Source: Courthouse
Property Age: 11
Roof: Metal
Levels or Stories: 1
House Style: Ranch
Walls: Sheet Rock

Water Sewer Expense: 718.25

Energy Information: Insulated Doors, Insulated Windows
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.