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STR231

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907 Park Ave, Little Rock, Arkansas 72206

1900

Bedrooms

Utilities Included

Bathrooms

Furnished

Yes

Available to Lease on

ASAP

Property Type

Single Family

SQFT

900

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Key metrics

Rent

1900

Monthly Estimated Profit^?

1,633

Annual Estimated Profit^?

19,600

Acquisition Fee

3,500

Security Deposit

2,500

Average Daily Rate

116

Occupancy

98%

Annual Revenue

42,400

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

In Little Rock, Arkansas, non-owner-occupied short-term rentals (STRs) are subject to specific regulations under city ordinances. These rules aim to balance the operation of STRs with neighborhood preservation and public safety. Below are the key requirements and restrictions for non-owner-occupied STRs:

Licensing and Zoning

Planned Zoning Development (PZD): Non-owner-occupied STRs require approval through a Planned Zoning Development process by the City Board of Directors1 2 5.
Business License: Operators must obtain a business license, which must be renewed annually1 2 5.
Inspection Fees: An annual inspection fee of $500 is required for non-owner-occupied STRs1 3 5.

Operational Standards

Occupancy Limits: Maximum occupancy is restricted to two people per bedroom plus two additional occupants (e.g., a two-bedroom property can host up to six guests)1 6.
Parking Requirements: STRs must provide off-street parking as per city zoning codes. Additional requirements may apply in Design Overlay Districts2 3.
Quiet Hours: Quiet hours are enforced from 10 PM to 7 AM, and excessive noise audible off-property is prohibited at all times1.
Safety Measures: Properties must comply with safety standards, including smoke detectors in sleeping areas and egress windows for all bedrooms2 3.

Compliance and Enforcement

Cap on Licenses: The total number of STR licenses citywide is capped at 500, with a specific cap of 400 licenses in residential zones (e.g., R-1 to R-L)1 6.
Responsible Party Requirement: A local property manager or responsible party must be available 24/7 and respond within 60 minutes to complaints or issues6 7.
Three Strikes Policy: Three verified complaints within a calendar year can lead to fines, suspension, or revocation of the business license1.

Pre-existing STRs

Non-owner-occupied STRs that were active before the ordinance's passage in June 2023 may continue operating as non-conforming uses if operators apply for a PZD within six months. Failure to apply or gain approval will result in the property reverting to its prior use status2 3.

These regulations ensure that non-owner-occupied STRs operate responsibly while preserving neighborhood integrity. Operators must adhere strictly to these rules to avoid penalties or loss of their license.