About 113 American Dr
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%.
Features of 113 American Dr
| MLS® # | 1845923 |
|---|---|
| Price | $4,900,000 |
| Square Footage | 63,165 |
| Acres | 9.46 |
| Year Built | 2011 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 113 American Dr |
|---|---|
| Area | 3100 |
| City | Cotulla |
| County | La Salle |
| State | TX |
| Zip Code | 78014 |
Amenities
| Utilities | Electricity, Sewer, Water |
|---|---|
| Parking Spaces | 212 |
Interior
| Heating | Central |
|---|---|
| Cooling | Central |
| # of Stories | 1.0 |
| Stories | 1 |
Exterior
| Roof | Composition |
|---|---|
| Construction | Other |
| Foundation | Slab |
School Information
| District | Cotulla I.S.D. |
|---|
Additional Information
| Date Listed | February 28th, 2025 |
|---|---|
| Days on Market | 246 |
| Zoning | OTHER |
| Short Sale | No |
Listing Details
| Agent | Greg Jones |
|---|---|
| Office | Phyllis Browning Company |
| Contact Info | (210) 389-1282 |