New Llano, LA, USA

$ 1,150,000.00

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.

Basic Facts

Date added: 08/25/22 Post Updated: 2022-08-26 17:04:47 MLS #: 55-2 Year built: 1993
Status: Area: New Llano Total Rooms: 2 Stories: 2.0
Lot Size: .105 Acre Parish: Vernon Warranty/As Is claus: AsIs W/O Warranties

View on map / Neighborhood

  • Directions: Located off of Hwy 171 North, about a 1/2 mile on Stanton St. and left onto 3rd St.

Property Features

Electric Service: BECI
Waterfront: No

Miscellaneous

Legal: 0.105 Acre of Lot 1, Blk, 3, NENW, T2NR9W, Sec 34, Vernon Parish LA
Taxes: $ 300.00
Possession: Negotiable at Closing

Courtesy of

ListingOfficeName: Landmark Realty Group, LLC
This style property is located in New Llano is currently and has been listed on EXIT Real Estate Consultants. This property is listed at $ 1,150,000.00. It has bedrooms, bathrooms, and is . The property was built in 1993 year.