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126 Lees Lndg, Hot Springs, Arkansas 71913
$
2295
Bedrooms
3
Utilities Included
No
Bathrooms
2
Furnished
Yes
Available to Lease on
ASAP
Property Type
Single Family
SQFT
1160
Key metrics
Rent
$
2295
Monthly Estimated Profit?
$
2,630
Annual Estimated Profit?
$
31,560
Acquisition Fee
$
3,500
Security Deposit
$
2,500
Average Daily Rate
$
298
Occupancy
54%
Annual Revenue
$
59,100
Key Features

Property Description:
This 4-bedroom, 2-bath home spans 1,793 sq ft and includes thoughtful upgrades throughout. Located within walking distance to a splash pad park and elementary school, the home features a spacious layout and durable finishes.

Property Features:

  • 4 Bedrooms / 2 Bathrooms
  • 1,793 Sq Ft
  • All-black appliances
  • Granite countertops
  • Water softener
  • Washer and dryer included
  • Gun safe installed
  • Walking distance to park and elementary school

Utilities & Terms:

  • Water and electricity will remain in the owner's name, but tenants are responsible for usage costs
  • Tenants are responsible for lawn maintenance
  • Tenants must refill the water softener tank with salt as needed

STR Regulations Summary:  

Status:
Mixed

View Regulations Here

Hot Springs, Arkansas has implemented detailed regulations for non-owner-occupied short-term rentals (STRs) to address community concerns and ensure compliance with local laws. Below is a summary of the key regulations:

Licensing and Permits

  1. Business License: STR owners must obtain a business license annually, with renewal due on January 1 each year23.
  2. Special Use Permit: Non-owner-occupied STRs in residential zones require a conditional-use permit2.
  3. Certificate of Occupancy (CO): A CO inspection is mandatory for new STR licenses or when occupancy limits change35.
  4. Fees: The annual permit fee for non-owner-occupied STRs is $1503.

Caps and Zoning

  1. Residential STR Cap: Hot Springs limits the number of STRs in residential zones to 700 annually56. This cap excludes properties in commercial zones or condominiums.
  2. Neighborhood Density: While there is no specific protection for individual blocks, the city aims to limit overall density within neighborhoods1.

Operational Requirements

  1. Local Contact Person: Each STR must have a local property manager available 24/7 who can respond on-site within 60 minutes to address issues25.
  2. Parking: Two off-street parking spots are required per property12.
  3. Occupancy Limits: Maximum occupancy is set at two persons per bedroom plus two additional occupants25.
  4. Compliance with City Codes: STRs must adhere to solid waste management and noise ordinances15.

Inspections and Penalties

  1. Inspections: Initial inspections are mandatory, but annual inspections are not required unless occupancy changes or compliance issues arise13.
  2. Penalties for Violations:
    • First offense: Up to $1,000.
    • Second offense: Up to $2,000.
    • Subsequent offenses: Up to $4,000, with potential shutdown of the STR1.

Additional Requirements

  1. Good Neighbor Brochure: STR owners must provide renters with guidelines on city rules and neighborhood expectations1.
  2. Posting Regulations: Important city requirements must be visibly posted within the rental property4.

Property Location