$295,000

118 Garland Ave Hot Springs, AR 71913

Estimated payment $1,663/month

Total Views 3,121
-- Bed
-- Bath
2,021 Sq Ft
$146 Price per Sq Ft

Highlights

  • Craftsman Architecture
  • Tile Flooring
  • Mini Split Air Conditioners

About This Home

Investment Opportunity in Hot Springs! Income-producing quadplex in the heart of Hot Springs, AR! This property features three 1-bedroom, 1-bath units and one efficiency unit, all separately metered for electricity. This is a great opportunity for investors seeking steady cash flow. Gas and water are on a single meter. Show anytime except for the rented unit. Rented unit can be shown with an accepted offer. All buyers must be pre-approved before scheduling a tour. Don’t miss this fantastic investment property in a prime location! Disclaimer: Information provided is for general purposes only. All details, including square footage, unit sizes, and renovation plans, are close approximations, with no guarantees regarding accuracy. The agent/broker makes no representations or warranties, expressed or implied, regarding the property.

Listing Agent

Sergio Convers - RE Consultant

Capital Real Estate Advisors Listed on: 03/28/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $666

Year Built

  • Built in 1939

Lot Details

  • 6,970 Sq Ft Lot
  • Sloped Lot

Parking

  • Parking Pad

Home Design

  • Quadruplex
  • Craftsman Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Metal Siding

Interior Spaces

  • 2,021 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Gas Range

Flooring

  • Tile
  • Vinyl

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 400-14350-016-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$666

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Craftsman
  • Inside City Limits: Yes
  • LVT Date: 03/28/2025
  • Price Per Sq Ft: 145.97
  • Road Surface: Paved
  • Street Designation: Avenue
  • Type: Fourplex
  • Zoning: RN5
  • Source Of Sq Ft: Tax Records
  • Estimated Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1939

Interior Features

  • Floors: Tile, Vinyl
  • Foundation: Crawl Space
  • Stories: Two Story
  • Kitchen Equipment: Gas Range

Exterior Features

  • Exterior: Frame, Metal/Vinyl Siding
  • Roof: Architectural Shingle

Garage/Parking

  • Garage/Parking: Parking Pads

Utilities

  • Utilities: Sewer-Public, Water-Public, Electric-Municipal, Gas-Natural
  • Heating And Air Cond: Mini Split

Lot Info

  • Estimated Lot Size: 0.16
  • Estimated Lot Size: 6969.6
  • Lot: Sloped
  • Geo Subdivision: AR
  • Parcel Number: 400-14350-016-000

Multi Family

  • Annual Expenses: 5172
  • Tenant Expenses: Electric
  • Maximum Rent One Bedroom: 850
  • Minimum Rent One Bedroom: 600
  • Number Of One Bathroom Unitss: 4
  • Number Of One Bedroom Units: 4
  • Number Units: 4

Tax Info

  • Annual Taxes: 666

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2025 03/28/25 For Sale $295,000 +168.2% $146 / Sq Ft
02/22/2023 02/22/23 Sold $110,000 0.0% $54 / Sq Ft
01/23/2023 01/23/23 Pending -- -- --
01/11/2023 01/11/23 Price Changed $110,000 -4.3% $54 / Sq Ft
12/28/2022 12/28/22 For Sale $115,000 +13.9% $57 / Sq Ft
02/25/2021 02/25/21 Sold $101,000 0.0% $50 / Sq Ft
01/04/2021 01/04/21 Pending -- -- --
12/29/2020 12/29/20 Off Market $101,000 -- --
12/03/2020 12/03/20 For Sale $109,900 -- $54 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

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Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 25011954

Cooperative Arkansas REALTORS® MLS