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).

  • Development land for sale in La Feria, Texas
  • Total site area spans 0.32 acres
  • Asset is suited for apartment building construction
  • Asking price for the property is 125000 dollars
  • Located within a growing Rio Grande Valley submarket

What's Special

This 0.32-acre land parcel in La Feria, Texas, is currently available for sale and presents a clear development opportunity for residential investors or developers. The site is designated for an apartment building, providing a strategic foundation for expanding housing inventory in this growing region of the Rio Grande Valley. Given the size and specified zoning potential, the plot suits those looking to construct multi-family units tailored to the local workforce or tenant base. La Feria benefits from its regional connectivity and proximity to primary transit corridors, making it a functional choice for residential projects. Investors seeking to capitalize on land development within this submarket will find this an accessible entry point. The property at Cub Circle offers the requisite space to support a focused apartment development project while allowing for a streamlined construction process.

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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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