119 Oak Street Hot Springs, AR 71901
50,438 Sq. Ft. / 50,094 Sq. Ft., 1.15 acres lot size / Multi-Family
Status: Sold
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Built in 1925, the former Hot Springs High School annex building is part of Hot Springs' history. Famous for being the school attended by former President Bill Clinton, the building has been converted into 38 loft-style apartments, offering a variety of charming, well-designed units consisting of four 2BR/1BA units, four 1BR/1BA units and thirty loft-style units. Currently 37 of the 38 units are occupied, providing immediate rental income, while one unit is undergoing repairs and will soon be ready for a new tenant. A portion of the old gymnasium has been transformed into apartments, with ample space to add up to 8 smaller apartments or 4 larger apartments. Alternatively, the gym could be repurposed as a recreation area for tenants. The building features a shared on-site laundry facility and a fire suppression system for added safety. The building is commercially zoned and given its prime location near downtown Hot Springs, these apartments would also make excellent short-term rentals. The property offers on-site parking, supplemented by an additional parking lot across the street which is included in the sale. Historic tax credits may be available for improvements.
property details
Type
Multi-Family
Status
Closed
County
Garland
Year Built
1925
Sq. Ft.
50,438
Lot Size
50,094 Sq. Ft., 1.1 acres
Listing Id
24026709
Courtesy Of
Beau Durbin - beau@esqbrokers.com
Subdivision
Hs Land & Imp
Interior Features
Appliances
Cooktop
Electric Range
Electric Range
Flooring
Tile
Wood
Wood
Living Area Units
Sq. Ft.
Exterior Features
Lot/Land Description
Level
Utility & Building Info
Sewer
Public Sewer
Cooling
Central Air
Water Source
Public Water
Heating
Gas Heat
Central
Central
Building Area Total
50,438 Sq. Ft.
Price Per Sq Ft
$49
Architectural Style
Other
IDX information is provided exclusively for consumers' personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Cooperative Arkansas REALTORS Multiple Listing Services
Price History
| date | event | price | source |
|---|---|---|---|
|
11/01/2024
11/01/2024
|
Sold |
$2,300,000
|
Cooperative Arkansas Realtors |
|
08/26/2024
08/26/2024
|
Pending |
$2,475,000
|
Cooperative Arkansas Realtors |
|
07/26/2024
07/26/2024
|
Active |
$2,475,000
|
Cooperative Arkansas Realtors |
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Market Trends
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