Arkansas Hard Money Deal - Active

820

24 deals

No

Hot Springs

Arkansas

$2,700,000

$500,000

I have an improvement plan and the current rent rows
of our long term tenants, around $47,000. I can email you the extensive proforma ideas and revenue streams. This does not reflect the $60k+ we made in
short term rental of cabins or RV spots in 2023.

There are many revenue streams that can be added quickly without to much
of a capital infusion. We would however, like to have $500k to set the
wheels in motion of a perpetual growth of revenue to match the
development. We feel the $500k could be the last investment needed if
we used the profits that would come from all the enhanced revenue
streams. We could be fully optimized, as to our proforma within a few
years without taking on to much more debt.

In our opinion, the property would only have $2.5m of debt and be worth
$8+m with over $1M in revenue per year. Further revenue sources
can be developed in the current footprint by just rehabbing them.
78 RV Spots
10 Lake Cabins
Conveniences Store servicing our community plus 4 subdivision within 2
miles
Laundry
Restaurant at the waterfall
Pool restaurant and bar
Event Center, nestled on the top of the mountain and is
Pond events
Peninsula events (music festivals, weddings, parties)
Day passes
Community memberships
Boat & RV storage
We currently have 10 apartments, 3 townhouses, 8 mobile homes all on
long term rentals to help stabilize the debt.
It is a goal to add mini golf and zip lines-
Golf cart rentals-
Add tree house and cabins on the hilltop-
Beach cabana rentals

We can do all the above and still have 35 acres undeveloped.


The city of Hot Springs just finished completion of a 28 mile, 5 foot
waterline to service our city by bringing 25 million gallons of water
out of lake Ouachita per day. The connection from opposite ends
connected at the Vista. This being said, they caused much damage to our
existing infrastructure, which was already in bad shape. Now we are
happy to have 2 new boat ramps, a new 30x14 foot swim dock, 110 feet of
new rip rap, new gravel drive, new 300 foot drainage ditch, new pavement
and an area repurposed to house our overflow parking that was graded to
specs. This would be in excess of $350,000 of improvements.

Our town is growing. What was once a sleeping village is now greatly
recognized by vacationers. With Oaklawn Park thoroughbred racing and
casino, Magic Springs water and amusement park, lakes, mountains for
biking and hiking we are seeing over 2 million visitors per year. We
are the first National Park in the USA and that is because of our
natural hot springs. We are home to many bathhouses and spa's.

An investment into this area will be well served. The Vista At The Lake
is its own destination.