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812 Shady Heights Rd 6 Unit Apartment Building $872,178 CAD ($145,363 CAD/Unit) 7.76% Cap Rate Hot Springs, AR 71901

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EXECUTIVE SUMMARY

Prime multifamily investment opportunity in the highly desirable Lakeside School District. This three-duplex portfolio (six total doors-680 sqft each), offering a refreshed look, improved condition, and pricing aligned with current market value. Each 2 bedroom, 1 bathroom unit features granite countertops, stainless steel appliances, and a solid long term rental history, making this a low-maintenance, income producing asset ideal for both new and seasoned investors. Tenants pay all utilities, enhancing cash flow and simplifying management. The properties: 812 Shady Heights, 101 &367 Lance Circle, are clustered together in Lakeside School District, just minutes from shopping, dining, and Lake Hamilton, supporting strong tenant demand and long-term appreciation. Additional upside includes extra land with potential to add another duplex (buyer to verify), creating future expansion and increased returns. 1031 Exchange friendly. Seller is offering a $5,000.00 buyer credit at closing, applicable toward an interest-rate buy-down, discount points, or other lender approved closing costs, subject to loan guidelines.

PROPERTY FACTS

Price $872,178 CAD
Price Per Unit $145,363 CAD
Sale Type Investment
Cap Rate 7.76%
Gross Rent Multiplier 8
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.30 AC
Building Size 4,080 SF
No. Stories 1
Year Built 1985

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Microwave
  • Eat-in Kitchen
  • Refrigerator
  • Oven
  • Porch

SITE AMENITIES

  • Private Bathroom

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 6 $1,294 CAD 680
  • Listing ID: 39162989

  • Date on Market: 2026-01-21

  • Last Updated:

  • Address: 812 Shady Heights Rd, Hot Springs, AR 71901

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