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  • $265,000

    246 Garland Ave, Hot Springs, AR 71901

    5beds
    2,966sqft
    Single Family Residence
    Built in 1920
    9,583.2 Square Feet Lot
    $291,500 Zestimate®
    $89/sqft
    $2,499 Estimated rent

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    What's special

    THIS IS IT! The perfect home for multiple uses; as a short term rental on Airbnb/VRBO, rent it out to long term tenants, or make it your next family home. Beautifully restored home with original hardwood flooring, stainless appliances, high ceilings, and endless charm. The main house (Unit A) has 4 bedrooms and 2.5 baths. Existing STR license for 3 bedrooms with 8 person occupancy. By adding a window in the fourth bedroom, this one would qualify for a 4 bedroom STR license. Projected rents of $57,000 for Unit A as a 4 bedroom STR. The basement apartment (Unit B) is a fully renovated, 1 bedroom, 1 bath with kitchen and appliances. Separate entrance. This unit would be incredible as another nightly rental, long-term rental, or in-law suite. Live upstairs and rent out the apartment. Projected STR rents for this unit are $23,000 a year. Renting both as two Airbnbs with a combined gross rent of $80,000…there’s not a better deal available on the market today! REMARKS

    Zillow last checked: 8 hours ago

    Listing updated: July 20, 2023 at 02:11pm

    Listed by:

    Dustin Turner 501-952-2969,

    Exp Realty

    Bought with:

    Dustin Turner, AR

    Exp Realty

    Source: CARMLS,MLS#: 23013311MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Dining room
    • Features: Separate Dining Room
    Heating
    • Natural Gas
    Cooling
    • Electric
    Appliances
    • Included: Free-Standing Range, Dishwasher, Refrigerator
    • Laundry: Laundry Room
    Features
    • Primary Bedroom/Main Lv
    • Flooring: Wood, Tile
    • Has fireplace: Yes
    • Fireplace features: Woodburning-Site-Built
    Interior area
    • Total structure area: 2,966
    • Total interior livable area: 2,966 sqft

    Property

    Parking
    • Parking features: Parking Pad
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 9,583 sqft
    • Dimensions: 107 x 89
    • Features: Sloped
    Details
    • Parcel number: 40046800004000

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Victorian
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Foundation: Slab/Crawl Combination
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Electric: Elec-Municipal (+Entergy)
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Hot Springs
    • Subdivision: MURRAY & OBRIEN

    HOA & financial

    HOA
    • Has HOA: No

    Other

    Other facts
    • Listing terms: VA Loan,FHA,Conventional,Cash
    • Road surface type: Paved