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Property profile

13973 Hackberry Ln La Feria, TX 78559

OFF-MARKET
Apartment buildings
Built 1973
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Property summary

AI-generated overview

This exceptional investment opportunity presents a four-unit apartment building situated on a spacious 20,085.95 square foot lot in La Feria, Texas, zip code 78559. The property, located at 13973 Hackberry Lane, comprises two buildings constructed in 1973. The unit mix includes three one-bedroom, one-bathroom units and one larger three-bedroom, two-bathroom unit, offering a diverse tenant base. The property boasts a current monthly gross income of $1,300. Recent upgrades include new flooring and ceilings in all units, ensuring the property is in excellent condition and minimizing immediate maintenance needs. This multifamily property presents a compelling investment opportunity in a peaceful, desirable location. The property's corner lot location offers additional potential for future development or expansion. This is an ideal addition to any investment portfolio seeking stable rental income and potential for appreciation. The property is conveniently located in Cameron County, Texas.

Property profile

Verified
Property type Apartment buildings
Year built 1973

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

13973 Hackberry Ln La Feria, TX 78559
La Feria metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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