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.