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113 American Dr 9.45 Acres of Commercial Land Offered at $6,840,008 CAD in Cotulla, TX 78014
EXECUTIVE SUMMARY
1) $1.5M down / 3 YR Term Balloon Payment / Interest Only / 7.5% (Prime Rate)
2) $2M Down / 5% Interest Only / 3 YR Balloon
3) $1.5 M Down / 10 YR Term / 8.5% interest rate with one adjustment after 5 years (prime +1%, floor 7.5%). No balloon payment
Owner financing subject to business plan approval.
PROPERTY FACTS
| Price | $6,840,008 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 9.45 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $6,840,008 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 9.45 AC |
| Opportunity Zone |
Yes |
1 LOT AVAILABLE
Lot
| Price | $6,840,008 CAD | Lot Size | 9.45 AC |
| Price Per AC | $723,810.39 CAD |
| Price | $6,840,008 CAD |
| Price Per AC | $723,810.39 CAD |
| Lot Size | 9.45 AC |
AB 569 MCMULLEN & MCGLOIN SV-10.5, 9.8721 ACRES(EAGLE FORD CROSSING SUBDIVISION) All lots in Eagle Ford Crossing Subdivision (Save & Except Lots 5A, 12A, 12B, 35, 36, 37, 38, 39, 40 and 41) AND CAD Parcel ID # 183199 (Also Known as Part of Lot 21)
DESCRIPTION
Multi-Unit extended stay rental community in Cotulla, TX - A Prime Opportunity! This beautiful 56-unit custom built housing property sits on 9.87 acres and offers a mix of efficiency units, duplexes, and three-bedroom single-family homes—ideal for short- or long-term rentals. A beautiful recreation center enhances tenant appeal. Strategically located in Cotulla, a hub for oil and gas activity, this income-producing property is perfect for companies or investors seeking stable cash flow. Don’t miss out on this high-demand housing solution in the heart of the Eagle Ford Shale. The Sellers have recently reduced the price to $4,900,000, creating an even more compelling investment opportunity. Key highlights include: New Roofs in 2024: All units have been recently updated with new roofing, reflecting the Seller’s commitment to maintaining the property in excellent condition. Experienced Onsite Management: A long-standing onsite management team—a mother and daughter duo—have overseen operations for over a decade. Their deep familiarity with the tenant base provides consistent occupancy and efficient oversight. Rent Increase Scheduled: Rents are set to increase by 10% in September 2025, marking the first adjustment since 2020. Reduced Banking Fees: A switch to Zego Paylease is projected to reduce credit card related expenses by approximately $40,000 annually. These changes—combined with the price reduction, improved rental income, and lower expenses—result in a pro forma cap rate north of 9.00%. Please reach out with any questions or to schedule a visit to the property. This is a strong opportunity for both short- and long-term investment strategies. Contact Reid Cain today at (334) 375-0098 or rcain@phyllisbrowning.com for details!
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113 American Dr
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