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EP on South Cardinal

Mountain Home, Arkansas – 101 Units

EP on South Cardinal is a two-story, 100-unit multifamily community at 105-111 South Cardinal Drive in Mountain Home, Arkansas. Built in 2004, the property sits in the Arkansas Ozarks near the White River, Norfork Lake, and Bull Shoals Lake.

The property has consistently run at approximately 99 percent occupancy, with no eviction activity recorded and steady lease execution across all unit types. That demand is holding at asking rents meaningfully below the comp set: comparable properties in the submarket posted double-digit rent growth over the past year while EP on South Cardinal’s rents held their basis. Full occupancy at below-market pricing points to upside on renewal and turnover

Contemporary Home Design

At The Lee Adrion Company, we believe that great communities are built not only through acquisition and development, but through intentional, operational excellence. Lee Adrion Management oversees each asset with precision, ensuring that every property delivers exceptional experiences for residents and lasting value for investors.

Key Features

Open floor plan
High-end finishes
Beautiful views

Located in a desirable neighborhood, this home is close to schools, parks, and shopping centers.

Property Highlights

Recent Operational Investment

A leasing office renovation, on-site storage enhancements, and the addition of a new leasing office assistant, strengthening the property’s operational foundation.

Resort-Adjacent Amenities

Saltwater pool, on-site fitness center, and pet play area, positioned near three lakes and a major river system that anchor the local lifestyle draw.

Strong Submarket Rent Growth

Comparable properties posted double-digit year-over-year rent growth on one-bedroom units, indicating a market that supports repricing.

Low Vacancy Market

The Mountain Home submarket carries a low average vacancy rate, with several direct comps reporting zero vacancy.

No New Supply

Zero properties under construction in the surrounding market, a constrained-supply environment that supports rent growth without competitive pressure from new inventory.