352 Lakeland Drive

Hot Springs, AR 71913
Square Ft.
999,999
$1,500,000
Discover an exceptional income-producing property on the shores of beautiful Lake Hamilton. This unique waterfront resort features eight individual guest cottages plus a modern three-story owner’s residence that can also be utilized as a premium rental, creating multiple streams of revenue and endless possibilities for expansion. The charming cottages offerRead MoreRead Less
Courtesy of Crye-Leike REALTORS
Listing Snapshot
Days Online
2
Last Updated
Property Type
Apartments
Square Ft.
999,999
Lot Size
0.9 Acres
Year Built
1955
MLS Number
26022741
Property Location Map
Additional Details
Property
Zoning: R, Lake: Yes, Lake name: Hamilton
Building
Building is 999,999 square feet, 9 units, Built in approximately 1955, 1 one-bedroom unit, 1 two-bedroom unit, Builder: Central Ave/ 7 South, Turn down Lakeland Drive, Follow to 350 Lakeland Drive. This will take you to Summit Apts., drive through the parking lot to get to 352Lakeland Drive., Stories: Other (see remarks), Style: Bungalow/Cottage
Exterior Features
Block
Floors
Laminate
Foundation
Slab
Garage
Garage, One Car, Assigned
Heating & Cooling
Central Cool-Electric
Kitchen
Free-Standing Stove, Dishwasher
Lot
Approximately 0 acres, Approximate lot size: 124 x 316, Sloped, In Subdivision, Lake View, Lake Front
Income
Annual income: $84,088
Expenses
Annual expenses: $25,089
Tenant Pays
Other (see remarks)
Roof
Metal
Taxes
Annual taxes: $8,604, Tax year: 2026
Utilities
Water-Public, Electric-Co-op, Gas-Natural
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Marilyn McKimmey
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