Cub Cir

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Cub Cir

La Feria, TX 78559
Asking Price
$125K
Asset Type
Apartment Building Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel spans 0.32 acres on Cub Cir in La Feria
  • Land designated for potential apartment building development project
  • Offered for sale at an asking price of 125,000
  • Located within the growing Rio Grande Valley regional market
  • Suitable site for investors targeting local residential development opportunities

What's Special

This 0.32-acre land parcel located on Cub Cir in La Feria, Texas, presents an opportunity for residential development. Positioned within the Rio Grande Valley, this site offers proximity to regional transportation corridors and serves as a growing suburban market within the broader metro area. The property is specifically identified for potential apartment building development, providing a strategic footprint for developers looking to add multifamily inventory to the local housing supply. Given its size and zoning potential, the land is well-suited for a boutique apartment project designed to accommodate the steady population growth characteristic of the South Texas region. Investors and builders can capitalize on this accessible site to meet the demand for efficient, well-placed residential units in an established community setting.

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NOI
$80,000
Cap Rate
64.00%
DSCR
10.78
Strong
Cash-on-Cash
193.54%
Monthly Payment
$618.432
Annual Cash Flow
$72,578.818

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