New Llano, LA, USA
Colony Trace Apartments offers the multifamily investor an opportunity to acquire a newly-renovated asset located in a limited supply submarket with a higher than average rental base. Additionally, this asset is currently undergoing a renovation with high-end finishes and will be corporate units fully furnished. A rate increase of 20% or more is easily feasible. The new owner will benefit from a community amenity upgrade campaign while adding value and increasing revenue opportunity. Occupancy currently sits at 25% due to 12 out of 16 units under renovation. Four renovated units are rented.
|Date added: 08/25/22||Post Updated: 2022-08-26 17:04:47||MLS #: 55-2||Year built: 1993|
|Status: Active||Area: New Llano||Total Rooms: 2||Stories: 2.0|
|Lot Size: .105 Acre||Parish: Vernon||Warranty/As Is claus: AsIs W/O Warranties|
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- Directions: Located off of Hwy 171 North, about a 1/2 mile on Stanton St. and left onto 3rd St.