DATE AND LOCATION OF AUCTION:
Friday | February 7, 2025 | 10:00 AM
132 Catherine Park Road | Hot Springs, AR | 71913
NOW ACCEPTING PRE-AUCTION OFFERS - ATTENTION INVESTORS: Blackmon Auctions & Thomas Blackmon Realty will be auctioning Pam’s Tree Cabins in beautiful Hot Springs, AR on Friday, February 7th at 10:00am. Don’t miss this tremendous opportunity to bid on this great investment! Located minutes away from Lake Catherine State Park, the Ouachita River, Diamondhead Country Club, Lake Hamilton, and all the amenities of Hot Springs.
Includes three newer, meticulously maintained tree cabins that are generating a healthy income as Air B&B rentals. This is a turn-key sale that includes all furniture and appliances.
Each unit is a cozy one bedroom, one bath, elevated tree cabin resting quietly on the banks of Cooper Creek, sitting on 4± acres. The current structures are situated on approximately half of the 4± acres leaving an additional two acres for future cabins, RV pads, etc. and additional income potential. Properties like this don’t come up for sale often!
Cabin #1
Year built: 2021
384 sq. ft.
Exterior: Hardy Board
Cabin #2
Year built: 2018
480 sq. ft.
Exterior: Hardy Board
Cabin #3
Year built: 2016
408 sq. ft.
Exterior: T100 Wood Siding
Cap Rates:
2024 – 10.29% (Jan-Oct)
2023 – 10.28%
2022 – 13.91 %
2021 – 12.77 %
Lot size: 4± acres
Metal Rooves
Utility Providers: Entergy, Hot Springs Water, Riviera Utilities (septic)
Est. annual taxes: $462.00
Call, text, or email for additional information and past rental history
Available activities at Lake Catherine State Park: biking, boating, fishing, hiking, horseback riding, etc.
Thad Morrison: 479-270-4805 (mobile), 501-664-4526 (office). Call for additional information or to schedule a showing.
TERMS FOR THE REAL ESTATE AUCTION:
Must Have Proof of Availability of Funds to Register.
10% Buyer's Premium added to bidder’s final purchase price.
Closing in 30 Days.
Sold AS IS, WHERE IS.
No Contingencies.
No Exceptions Will Be Made.
Earnest Money in The Amount of 10% - Preferably in the Form of a Cashier’s Check.
Payable to Thomas Blackmon Realty.
Due Day of the Auction.
Announcements Made Day of the Sale Take Precedence Over Printed Material.
