20
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$299,000
Est. payment /mo
2,021 SqFt
Active
118 Garland Ave Hot Springs, AR 71913
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,021 sqft
Price per Sqft $147
Subdivision Dawers
MLS Listing ID 26014055
Style Craftsman
Year Built 1939
Annual Tax Amount $666
Tax Year 2025
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Fourplex
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.
Location
State AR
County Garland
Area Hot Springs School District
Zoning Residentia
Rooms
Kitchen Gas Range
Interior
Heating Mini Split
Flooring Ceramic, Laminate
Equipment Gas Range
Exterior
Parking Features Parking Pads
Utilities Available All Underground
Roof Type Architectural Shingle
Building
Lot Description Sloped
Foundation Crawl Space
New Construction No
Listed by Signature Homes Real Estate • Karina A Alvarez
Nearby Locations
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