413 Columbia Pl | Lowell, AR 72745
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413 Columbia Pl
Lowell, AR 72745
Robinson Park Apartments · Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- Ideal for 1031 Exchange – stabilized cash flow with upside
- Expense ratio of 25% supports strong NOI margins
- Strong historical occupancy and tenant retention
- Projected Cap Rate: 7.51% at $1,500/month rents
- Brick construction with metal roofing – low maintenance
- Immediate upside through organic rent growth
PROPERTY FACTS
| No. Units | 32 | Lot Size | 4.36 AC |
| Property Type | Multifamily | Building Size | 38,453 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 2007 |
| Zoning | MF - MF | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 4.36 AC |
| Building Size | 38,453 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2007 |
| Zoning | MF - MF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
SITE AMENITIES
- Playground
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 32 | $1,500 | 1,100 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $184,863 | |
| Land Assessment | $154,195 | Total Assessment | $339,058 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$154,195
Improvements Assessment
$184,863
Total Assessment
$339,058
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