ATTENTION: LANDLORDS & REAL ESTATE INVESTORS!
(2) Well-Maintained, Single Family Homes & (4) Commercial Buildings Located in Downtown Hot Springs ~
All Currently Leased or Rent Ready ~ Excellent Annual Gross Income Potential of $25,000 ~
EVERY PROPERTY SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY!
AUCTION LOCATION: (6) PROPERTIES SELLING FROM 311 PARK AVENUE ~ HOT SPRINGS, AR
REAL ESTATE DESCRIPTION: (6) Prime Income Producing Properties in Excellent Locations Including (2) Homes & (4) Commercial Properties in Downtown Hot Springs ~ Properties Occupied are 1, 2A, 2B, 4 & 5 ~ Property 3 is Currently Vacant.
PROPERTY 1: (311 Park Avenue) Commercial Building ~ 1,556+/- SF, Brick Exterior, Built in 1959, Block 144, Pt. of Lots 23 & 24 ~ Hot Springs Reservation Subdivision ~ 126+/- Ft. of Frontage on Park Ave. ~ Rented Currently for $400 Per Month.
PROPERTY 2A: (865 Park Avenue) Commercial Building ~ 2,716+/- SF, Brick/Concrete Exterior, Built in 1922, Block 154, Pt. of Lot 7 ~ Hot Springs Reservation Subdivision ~ 65+/- Ft. of Frontage on Park Ave. & 66+/- Ft. of Frontage on Pullman Ave. ~ Rented Currently for $400 Per Month.
PROPERTY 2B: (105 Pullman Avenue) Commercial Building ~ 1,644+/- SF, Concrete Block Exterior, Built in 1925, Block 154, Pt. of Lot 7 ~ Hot Springs Reservation Subdivision ~ 80+/- Ft. of Frontage on Pullman Ave. ~ Rented Currently for $200 Per Month.
PROPERTY 3: (600 Park Avenue) Commercial Building ~ 1,881+/- SF, Brick/Concrete Block Exterior, Built in 1930, Block 146, Pt. of Lot 5 ~ Hot Springs Reservation Subdivision ~ 83+/- Ft. of Frontage on Park Ave. ~ Currently Vacant.
PROPERTY 4: (309 Glade Street) Home ~ 788+/- SF, 2BR/ 1BA, on 0.13+/- Acre Lot, Built in 1945, Block 163, Pt. of Lot 4 ~ Hot Springs Reservation Subdivision ~ Rented Currently for $400 Per Month.
PROPERTY 5: (117 Beech Street) Home ~ 1,028+/- SF, 2BR/ 1BA, on 0.12+/- Acre Lot, Built in 1928, Block 81, Pt. of Lot 9 & Pt. of Closed Rd. ~ Hot Springs Reservation Subdivision ~ Rented Currently for $425 Per Month.
Remember, Every Property will be Sold Regardless of Price on Auction Day! ~ All Information Including but not limited to Square Footage, Age, Acreage or Lot Sizes are Approximate ~ Rental Status is Not Guaranteed on Auction Day.
TERMS ON REAL ESTATE: $5,000.00 (PER PROPERTY) Cashier’s Check or Cash (NO EXCEPTIONS) Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Warranty Deed Provided at Closing ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Buyer’s Premium ~ Offers Prior to Auction Day to Purchase Individual Homes/ Commercial Buildings or the Entire Portfolio are Welcome.
INSPECTION: Drive by to View the Leased Properties Anytime or Contact Agent, Spencer Wilson at 501-802-5060/ spencer@wilsonauctioneers.com to Inspect the Vacant Homes ~ Registration begins at 9:00 a.m. at 311 Park Avenue on Auction Day.
Aerial
Legal Descriptions
Property Information Packet
DIRECTIONS TO AUCTION LOCATION: From Downtown Hot Springs, Stay on Central Ave. until it runs into Park Ave. ~ Watch for Auction Signs on the Left.
The app allows you to (1) stay informed about our upcoming auctions; (2) view properties that interest you; (3) get notifications when you’ve been outbid; (4) bid no matter where you are located. This is the go-to-source for up-to-the-minute information on all of our auction listings.
