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$ 800,000
Est. payment | /mo
4,200 SqFt
$ 800,000
Est. payment | /mo
4,200 SqFt
Key Details
Property Type Commercial
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $190
Subdivision Metes & Bounds
MLS Listing ID 24041469
Style Built to Suit
Year Built 2022
Tax Year 2023
Lot Size 3.000 Acres
Acres 3.0
Property Description
Seize this unique investment opportunity with six newly constructed cabins on 3 acres, ideally located next to Core of Engineers land and just one mile from the Arlie Moore boat ramp on DeGray Lake. Each cabin offers 1 bedroom, a beautiful oversized loft area, a full bathroom, and an inviting open-concept kitchen and dining area, complete with an electric fireplace for added charm. Currently being used as short-term rentals, the property is perfectly situated only 20 miles from Oaklawn Racetrack and Casino as well as Arkadelphia, home to both Henderson State and Ouachita Baptist Universities. Three of the cabins are fully finished, furnished, and actively rented, with all future bookings included in the sale. The remaining three cabins are awaiting some finish work, and the seller is providing a substantial amount of building materials to complete them. An additional site with electricity across the road offers even more potential for expansion. This versatile setup offers significant revenue potential and is a prime opportunity for investors looking to capitalize on the thriving tourism and recreation in the area. Agents see showing remarks
Location
State AR
County Hot Spring
Area Hot Spring County
Interior
Heating Mini Split
Flooring Concrete
Exterior
Garage Spaces 20.0
Utilities Available Septic, Water-Public
Roof Type Other (see remarks)
Building
Lot Description Level, Rural Property
Foundation Slab
New Construction No
Listed by Crye*Leike Pro Elite Realty • Falicia Samuels
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Westgate Realty
Broker | License ID: 2019046646