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301 3rd Street Other, FL Other
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Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 901217
Lot Size 1.470 Acres
Property Sub-Type Multi-Family
Property Description
Located in New Llano, Louisiana, 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. The four renovated units are rented.
Location
State FL
County Other
Area 30 - Other Counties
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Bought with ECN - Unknown Office