118 Garland Ave, Hot Springs, AR 71913

$289,000
2,021
SqFt

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List Price
$289,000
Status
ACTIVE
Days on Market
154
Price Change
▼ $10,000 1783380923
MLS#
26014055
Style
Craftsman
Year Built
1939
Living Area
2,021
Lot Size
6,969
Acres
0.16
Subdivision
Dawers
MLS Area Major
Hot Springs School District

Property Description

Income-producing quadplex located in the heart of Hot Springs, AR. This multi-unit property features a total of four units, including three (3) 1-bedroom, 1-bath units and one efficiency unit, providing a versatile rental mix that appeals to a wide range of tenants. Each unit is separately metered for electricity, allowing tenants to cover their own electric usage, while gas and water are on a shared meter, helping simplify management and expenses. The property’s layout and unit configuration make it ideal for both long-term rentals and potential short- to mid-term rental strategies, depending on investor goals. Conveniently located near downtown Hot Springs, this property offers easy access to local shopping, dining, entertainment, and area attractions, increasing its desirability and occupancy potential. Its central location and consistent rental demand make it a strong addition to any investment portfolio. Whether you are expanding your portfolio or entering the rental market, this quadplex offers solid income potential, a desirable location, and the opportunity to maximize returns with strategic management and rental optimization.

Additional Information

Taxes
$666
Property Description
Craftsman
Exterior Features
Frame, Metal/Vinyl Siding
Roof
Architectural Shingle

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Calculator source: Real Geeks

Listing courtesy of Signature Homes Real Estate.