844 6th St, Waldron, AR 72958

This exceptional self-storage portfolio in Waldron, Arkansas, presents a compelling investment opportunity. Comprising two properties located at 844 E 6th St and 1712 Sweetgum Ln, the portfolio boasts a total of 21,990 square feet of non-climate-controlled storage space, divided into 147 units. Built in 1983 and renovated in 2003, the properties benefit from a prime location with zero competitors within a 5-mile radius, ensuring a limited supply and high demand. Currently operating at 77% occupancy, the portfolio generates a strong NOI of $68,706, translating to a 6.74% cap rate. Significant upside potential exists through increased occupancy—physical occupancy is currently at 81%, while economic occupancy is at 60%—and the implementation of additional revenue streams such as late fees, administrative fees, and a tenant insurance program. Projected Year 2 cap rate is 8.25%. This portfolio offers a rare chance to acquire a well-established, high-performing asset in a thriving market with substantial growth prospects. The properties are situated in Scott County, Arkansas, zip code 72958. This is a turnkey investment ready for immediate income generation and future expansion. The asking price for this exceptional opportunity is $1,020,000.