3353 Carrington Rd Cabot, AR 72023

Property Details for 3353 Carrington Rd

Year built

1994

Lot size

10.00 lot acres

Property type

Residential income homes

Description

This exceptional investment opportunity presents a 5-unit multifamily portfolio situated on 10 acres in Cabot, Arkansas. The property comprises five parcels, including two single-family homes, a studio apartment, and two mobile homes. The larger single-family home at 3353 Carrington Road boasts 1,633 square feet, three bedrooms, two bathrooms, and sits on 1.27 acres. It features a new roof (2023) and is currently vacant. The second single-family home, located at 3403 Carrington Road, offers 1,783 square feet, three bedrooms, three bathrooms, a two-car garage, and a shop, all on 2 acres. While it has a new roof (2021), minor repairs are needed due to prior termite damage (a clearance letter is available). An 800-square-foot studio apartment on 0.88 acres at 3415 Carrington Road requires repairs to become rentable. Additionally, the portfolio includes two mobile homes: a 1,568-square-foot double-wide (3 bedrooms, 2 baths) at 3541 Carrington Road and a 2,100-square-foot triple-wide (3 bedrooms, 2 baths) at 3585 Carrington Road, each on approximately 1.3 acres. The property also includes three additional vacant acres. Current rental income totals $43,200 annually, offering a 6.17% cap rate. The asking price is $700,000 ($140,000 per unit). The property is being sold as a whole, but offers to subdivide will be considered. This prime location just outside Cabot city limits provides easy access to Cabot and Jacksonville, benefiting from the area's high growth potential. The property is sold as-is. A detailed breakdown of lot sizes, structures, and rental rates is available.

Location Insight

City

Cabot

County

Lonoke

State

Arkansas

Longitude

-92.0730701

Latitude

34.9327434