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1600 Lane St 14 Unit Apartment Building $749,900 ($53,564/Unit) 10.87% Cap Rate Pine Bluff, AR 71602
Executive Summary
Attention Investors!!! Great 14 unit complex that stay full with a waiting list. Over $70,000 in capital improvements over the last three years. Average rents are 485 with room for growth with further upgrades. Don't miss this opportunity to own this cash cow!
Property Facts
| Price | $749,900 | Building Class | C |
| Price Per Unit | $53,564 | Lot Size | 0.55 AC |
| Sale Type | Investment | Building Size | 3,888 SF |
| Cap Rate | 10.87% | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1981/2025 |
| Property Subtype | Apartment |
| Price | $749,900 |
| Price Per Unit | $53,564 |
| Sale Type | Investment |
| Cap Rate | 10.87% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 3,888 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1981/2025 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 930-12723-000 | Improvements Assessment | $20,170 |
| Land Assessment | $4,320 | Total Assessment | $24,490 |
Property Taxes
Parcel Number
930-12723-000
Land Assessment
$4,320
Improvements Assessment
$20,170
Total Assessment
$24,490
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Presented by
Jeffrey Johnston
1600 Lane St
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