2017 E Van Buren, Eureka Springs, AR 72632
- $799,000
- 4,800
- SqFt
- List Price
- $799,000
- Status
- ACTIVE
- Days on Market
- 70
- MLS#
- ARKMLS-1354068
- Subtype
- Commercial Sale
- Year Built
- 1973
- Living Area
- 4,800
- Acres
- 1.42
Property Description
Rare 12-unit turnkey hospitality investment in Eureka Springs. Studios at Eureka currently offers a flexible hybrid income model with 6 short-term rental units and 6 mid-term rental units. Opportunity for new owner to turn this into a boutique hotel! Valuable grandfathered STR permit in a market where new STR permits are banned in residential zones. The property has been remodeled throughout: LVP flooring, updated furnishings, smart locks, HVAC repairs and replacements, plumbing and electrical updates, exterior paint, landscaping, and active branding across online booking platforms, and a direct booking site. This multi-unit Ozark property benefits from Eureka Springs tourism demand and nearby attractions. Property is fully operational with active STR bookings and mid-term guests in place. Value-add opportunities: hot tub, outdoor fire pit/gathering area. Don't miss this one! Financials and projections available upon request. Buyer to verify all figures, permits, income, expenses, and projections.
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Additional Information
- Interior Features
- None
- Flooring
- Laminate, Simulated Wood
- Appliances
- Electric Water Heater
- Heating
- Electric
- Air Conditioning
- Electric, Window Unit(s)
- Roof
- Asphalt, Shingle
- Foundation
- Slab
- Parking Features
- Parking Lot
Mortgage Calculator
Listing courtesy of eXp Realty NWA Branch. 479-585-2310