HomeMy WebLinkAboutCover Letter 011723January 17, 2023
Attention: Department of Planning and Development
RE: Rezoning Application for 1117 Kavanaugh Boulevard, Little Rock, AR 72205
Legal Description: Part of Lots 11 & 12, Block 8, MIDLAND HILLS ADDITION to the City
of Little Rock, Pulaski County, Arkansas
Owners: Bradley and Holly Reding through Reding Properties, LLC
Current Zoning: R3
Current Use: Small Multi -Family Apartment Building
Details: My husband and I purchased 1117 Kavanaugh through our LLC, Reding
Properties LLC in 2020. It is an existing multi -family apartment building located on lower
Kavanaugh. Our building is on a section of Kavanaugh with several other multi -family
properties and is a couple of blocks away from a commercially zoned area that houses
businesses including the former Onyx coffee shop, the Oyster Bar, a gas station, and
Pizza D'action.
We are requesting a re -zoning to allow for STR at our property. We have been operating
as an STR with no neighbor complaints and a proven record of success in managing an
STR. We currently have 300 5-star reviews from guests. The benefit of a platform like
Airbnb is that we have some control over which guests are allowed to stay with us and
we are very mindful of only allowing guests who are respectful of our property, our long-
term tenants and our neighbors. One of us is also on property multiple times during the
week which helps us keep a close eye on things. We use STR personally when
traveling and have found this is an excellent way for visitors to experience our city at a
more personal level as they are in the heart of a neighborhood. I've had multiple guests
who have stayed with us while visiting Little Rock to explore a move here or to find a
home in the area. Our guests also include UAMS patients and visitors who want a
comfortable location while undergoing treatment or visiting a family member as well as
business professionals who want a full kitchen and the use of laundry while in town for
work.
We did not purchase this property with the intent to run an STR but as the market
tightened on long-term renter availability, we decided to explore this option as an
alternative to the traditional renter and to help us with rising tax and maintenance costs.
If the market changes, we can easily convert these units back to traditional rentals. This
is a buy -and -hold property we plan to maintain and invest in as we love this area and
believe in the value and history of the Hillcrest neighborhood.
Parking: This property utilizes street parking directly in front of the building and on both
sides of Kavanaugh. Single-family homes located across the street have alley access
and back parking so street parking is used solely by our tenants and guests and open
spaces are always available.
We are proposing no changes to the building or exterior structure. This property is
already equipped for the purpose of running an STR. Safety standards will be in line
with any requirements already stated in the proposed STR regulations.
Thank you for your consideration.
Since
ly,
Holly Reding
Please see attached:
Business license BL 162607
Survey and Existing Site Plan
Bill of Assurance
Application fees