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Twin Points Resort 139-141 Britt Ln

14 Room Hotel Hot Springs, AR 71913 £860,695 (£61,478/Room)

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Investment Highlights

Direct frontage on Lake Hamilton with boat dock and boat ramp
Brand new fire suppression just installed; 14 short term rental permits to convert units to short term rentals

Room to construction additional units

Executive Summary

Very rare opportunity to own a 14 unit motel on Lake Hamilton! This one acre lake property boasts 14 charming rental units, along with a unique, historic home built in 1898! This former apartment complex has been totally revamped into a charming short term rental complex. The current owner has made lots of updates throughout the property to meet current short term rental codes. STR permits have been obtained for each of the units. A brand new fire suppression system has been installed throughout the facility. The property has private boat ramp, and Entergy may approve construction of additional boat slips. There is potential to add lots of additional value by remodeling the home, converting all of the units to Airbnbs, and/or constructing additional rental units on the property.

Entergy Info

Dec 2023 rent rolls Shiv

2023 P & L

Survey

Property Facts

Price	£860,695	Lot Size	1.00 AC
Price Per Room	£61,478	Building Size	9,470 SF
Sale Type	Investment	No. Rooms	14
Sale Conditions	1031 Exchange Development Sale	Number of Floors	2
Property Type	Hospitality	Year Built	1950
Property Subtype	Hotel	Parking Ratio	2.11/1,000 SF
Building Class	C	Corridor	Exterior

Price	£860,695
Price Per Room	£61,478
Sale Type	Investment
Sale Conditions	1031 Exchange Development Sale
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	1.00 AC
Building Size	9,470 SF
No. Rooms	14
Number of Floors	2
Year Built	1950
Parking Ratio	2.11/1,000 SF
Corridor	Exterior