2017 E Van Buren

Property details

Price

$799,000

Square feet

4,800

Lot size

1.42 acres

Year built

1973

Type

Commercial

Status

Active

Days on market

11

County

Carroll

MLS number

1366407

About this property

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.

Location

Features

Appliances

Electric water heater

Flooring

Laminate, Simulated wood

Lot features

Central business district, City lot, Interior lot

Utilities

Electricity available, Sewer available, Water available

Roof

Asphalt, Shingle