For Sale
$2,250,000

200-300 Cub Cir La Feria, TX 78559

20-Unit Apartment Complex, High Occupancy

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional multifamily investment opportunity in La Feria, Texas, presents a portfolio of six meticulously maintained apartment buildings situated on two separate lots totaling 32,233.96 square feet. The property consists of twenty units, divided equally between two 4-plex and two 3-plex buildings. Each unit boasts two bedrooms and one and a half bathrooms, offering 966 square feet of comfortable living space. Constructed in 2021, these Class C buildings are currently experiencing a 90% occupancy rate, demonstrating strong rental demand. The combined living area across all units totals 19,320 square feet. Located at 200-300 Cub Circle, La Feria, TX 78559, this property offers a compelling return on investment in a thriving Texas market. The address is conveniently located in Cameron County. This turnkey investment is priced at $2,250,000 and presents a rare chance to acquire a well-maintained, high-occupancy multifamily property with significant potential for future growth. The property's strong performance and desirable location make it an attractive addition to any investment portfolio.

Highlights

  • $2,250,000 asking price.
  • 20-unit multifamily apartment building.
  • Class C property built in 2021.
  • Located in La Feria, TX (78559), on a 0.74-acre lot.
  • Six buildings total (two 4-plexes and two 3-plexes).

Property Details for 200-300 Cub Cir

Property type
Apartment buildings
Class
C
Year Built
2021
Buildings
6
Units
20

Location Insight

City
La Feria
County
Cameron
State
Texas
Latitude
26.1701323
Longitude
-97.8256413

FAQs

What type of property is this?
Apartment building - 20-Unit Apartment Complex, High Occupancy
Where is the apartment building located?
The property is located at 200-300 Cub Cir La Feria, TX.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: $2,250,000 asking price.; 20-unit multifamily apartment building.; Class C property built in 2021.
How can I contact the broker?
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200-300 Cub Cir
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