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301 3rd Street

Other, FL
  • $1,150,000
  • STATUS: Active
  • ON SITE: 63 Days
  • MLS #: 901217
UPDATED: 191 min ago
$1,150,000
  • 0
    BEDS
  • 1.47
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

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.

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© 2022 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Luxury Properties on 30A | Compass. Vendor Member number: 28178. Data last updated: 2022-08-17T23:59:35.71.
Vendor Member #28178.
www.lp30a.com/homes/129880793
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301 3rd Street Other, FL

  • Price: $1,150,000
  • Status: Active
  • On Site: 63 Days
  • Updated: 191 min ago
  • MLS #: 901217
0
Beds
0
Baths
0
½ Baths
1.47
Acres
Neighborhood:
Other Counties
County:
Other
Area:
Other Counties
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.
Property Features

Business Name Colony Trace Apartments New Construction YN No Property Class Commercial Property Condition Existing

Listing courtesy of Coastal Luxury.


© 2022 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Luxury Properties on 30A | Compass. Vendor Member number: 28178. Data last updated: 2022-08-17T23:59:35.71.
Vendor Member #28178.
 
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