$194,000
SOLD SEP 27, 2024

20 Hiland Place Benton, AR 72015

-- Bed
-- Bath
1,560 Sq Ft
9,867 Sq Ft Lot

Recently Sold

$124 Per Sq Ft

3% Below List Price

16 Days on Market

Highlights

  • Traditional Architecture
  • 1-Story Property
  • Vinyl Flooring
  • Benton Middle School Rated A-
  • Central Air

About This Home

As of September 2024

For Sale: Fully Rented Duplex in the Heart of Revitalized Benton, AR - 20 Hiland Place. An outstanding investment opportunity awaits in Benton, AR! Welcome to 20 Hiland Place, a fully rented duplex nestled in a neighborhood experiencing remarkable revitalization. With both units currently leased at $1045 and $845 With the potential for further rent growth, this property promises not only immediate income but also significant appreciation potential. Market rent is $1045. Key Features: Prime location: Situated in a neighborhood undergoing substantial revitalization, this duplex is perfectly positioned to benefit from the area's growth and increased demand. Rental income: Both units are fully rented, generating a combined monthly income of $1,890. There's ample room for rent growth in line with the neighborhood's resurgence. Recent remodel: The duplex has been recently remodeled, ensuring modern amenities and comfort for tenants while minimizing maintenance concerns for the new owner. Strong rental market: Benton boasts a robust rental market, attracting tenants seeking quality housing in a desirable location. No Showings without accepted Sales Contract.

Last Agent to Sell the Property

Chase Calhoun

Chase Calhoun Real Estate LLC Listed on: 08/06/2024

Last Buyer's Agent

Misti Holland

Crye-Leike REALTORS Benton Branch

Crye-Leike REALTORS Benton Branch

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,169

Year Built

  • Built in 1954

Lot Details

  • 9,867 Sq Ft Lot
  • Sloped Lot

Parking

  • Parking Pad

Home Design

  • Duplex
  • Traditional Architecture
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Crawl Space
  • Stove

Utilities

  • Central Air

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,169

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Traditional
  • Inside City Limits: Yes
  • LVT Date: 08/06/2024
  • Price Per Sq Ft: 124.36
  • Road Surface: Paved
  • Street Designation: Place
  • Type: Duplex
  • Zoning: unknown
  • Source Of Sq Ft: Tax Records
  • Estimated Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1954

Interior Features

  • Floors: Vinyl
  • Foundation: Crawl Space
  • Stories: One Story
  • Kitchen Equipment: Free-Standing Stove

Exterior Features

  • Exterior: Frame
  • Roof: Composition

Garage/Parking

  • Garage/Parking: Parking Pads

Utilities

  • Utilities: Water-Public
  • Heating And Air Cond: Central Cool-Electric

Lot Info

  • Estimated Lot Size: 0.18
  • Estimated Lot Size: 9867
  • Lot: Sloped
  • Geo Subdivision: AR

Multi Family

  • Annual Expenses: 4500
  • Tenant Expenses: All Utilities
  • Maximum Rent Two Bedroom: 1045
  • Minimum Rent Two Bedroom: 845
  • Number Units: 2

Tax Info

  • Annual Taxes: 1169

Range of Values:

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Average Value
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List Price
Sold Price
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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
09/27/2024 09/27/24 Sold $194,000 -2.5% $124 / Sq Ft
08/22/2024 08/22/24 Pending -- -- --
08/06/2024 08/06/24 For Sale $199,000 +290.6% $128 / Sq Ft
02/20/2020 02/20/20 Sold $50,952 0.0% $33 / Sq Ft
02/03/2020 02/03/20 For Sale $50,952 -- $33 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 24028272

Cooperative Arkansas REALTORS® MLS