1551 State Hwy 52Crossett, AR 71635

Property Details for 1551 State Hwy 52

Lot size

3.94 AC

Property size (Sq ft)

29,400 SF

Property type

Hospitality properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity encompasses a diverse portfolio of three properties located in Crossett, Arkansas. The portfolio includes a mobile home park, apartment buildings, and self-storage units, totaling 214 units and 29,400 rentable square feet across 3.94 acres. Built between 1991 and 2010, the properties are classified as Class C and offer significant value-add potential. Currently operating at 85% occupancy, the portfolio generates a net operating income (NOI) of $125,821, representing a 7.19% capitalization rate. Pro forma projections indicate a potential NOI of $142,743 and an 8.16% cap rate, highlighting the substantial upside for a savvy investor. The asking price is $1,750,000, translating to $59.52 per square foot. The properties are situated at 1551 State Hwy 52 W, 105 Cedar St, and 901 Main St, Crossett, AR 71635, and are zoned for mini-warehouse and mobile home park use. This fee-simple ownership provides complete control and allows for strategic improvements to maximize profitability. The portfolio presents a unique chance to dominate the Crossett storage market, given its substantial share of rentable space within the area. The location offers convenient access, being two hours south of Little Rock, AR, and one hour north of Monroe, LA. This is a rare opportunity to acquire a well-positioned, multi-faceted portfolio with considerable growth potential.

Location Insight

City

Crossett

County

Ashley

State

Arkansas

Latitude

33.1695

Longitude

-91.9342

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