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1001 E Owassa Road Edinburg, TX $ 2,900,000
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$ 2,900,000 Get more info
1001 E Owassa Road
$ 2,900,000
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Share Save

1001 E Owassa Road

Edinburg, TX, 78542
$ 2,900,000
Bedrooms28 Baths28.0 Sq 18,200

Monthly Estimate*

$ 19,274

1001 E Owassa Road, Edinburg, TX 78542 - Image 1
1001 E Owassa Road, Edinburg, TX 78542 - Image 2
1001 E Owassa Road, Edinburg, TX 78542 - Image 3
1001 E Owassa Road, Edinburg, TX 78542 - Image 4
1001 E Owassa Road, Edinburg, TX 78542 - Image 5
1001 E Owassa Road, Edinburg, TX 78542 - Image 6
1001 E Owassa Road, Edinburg, TX 78542 - Image 7
1001 E Owassa Road, Edinburg, TX 78542 - Image 8
1001 E Owassa Road, Edinburg, TX 78542 - Image 9

Multi-Family Home for sale in Edinburg, TX

for $2,900,000 with 28 bedrooms and 28 full baths. This 18,200 square foot home was built in 2017 on a lot size of 2.6862.

28 Units (14 Duplexes) ALL FULLY LEASED. 2017/2018 Build. Located on Owassa/Dove Edinburg Texas. 1 minute from Expressway 281. Minutes from major shopping centers, schools, and entertainment districts. In the heart of the fastest growing city in the McAllen-Edinburg-Mission Metropolitan area. 2023 Income was $253,150. NOI was $215,155.21. This is an investment that has already shown consistency in terms of rentability: as the units have been fully leased consistently, and vacancies do NOT last long. One missed month on other high priced out-of city units and you already lost your game plan. You are paying to not have that problem when you buy these. Safe bet. The area, excellent quality of builds, and sizing of interior space/room/layout make them the perfect units for a large pool of residents. Each building is in excellent condition. Updated roofs! Income producing. Ready to make you money! Appliances convey. Already a proven success!

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Multi-Family Active

Price

$ 2,900,000

Bedrooms

28

Full Bath

28

Property Type

Multi-Family

Taxes

$ 32,550

Style

Apartment

Lot Size

2.6862

Year Built

2017

Town/City

Edinburg

County/Region

Hidalgo

MLS | Web ID

423485
Features
General
Interior Features Dryer Walk-In Closet(s) Washer
Sewer City Sewer
Heating Central
Cooling Central Air
Possession Closing and Funding
Roof Shingle
Appliances Water Heater (Laundry Room) Dryer Refrigerator Stove/Range Washer
Exterior Features Other
Garage Spaces 0
Security Features Smoke Detector(s)
Construction Materials Block Stucco
Year Built 2017
Property SubType Apartment
Tax Year 2023
Gross Income 239500
Community Features Other
County Hidalgo
Insurance Expense 12111
Property Type Residential Income
HOA / Comm Assn No
Energy Efficient Thermostat
Subdivision Name Rose Garden
Garage Y/N No
Other Structures Outbuilding (None)
Status Active
Directions From the intersection of Expressway 281 and Owassa Rd head east street entrance will be on north side right after passing IDEA school.
High School Vela H.S.
City Edinburg
High School District Edinburg ISD
Total Units 28
Lot Size Square Feet 117010.872
Carport Spaces 1
Carport Y/N Yes
Street Name Owassa
Elementary School Ramirez
Tax Annual Amount 32550
Home Warranty Y/N No
Middle/Junior High School Riviera
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Edinburg ISD
Elementary School District Edinburg ISD
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Interior
Flooring Tile
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Road
Laundry Features Laundry Area Washer/Dryer Connection
Living Area Units Square Feet
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Exterior
Fencing Wood
Parking Features Garage Faces Side
Lot Features Cul-De-Sac
Total Parking 1
Lot Size Area 2.6862
Foundation Details Slab
Number of Buildings 14
Building Area Total 18200
Lot Size Acres 2.6862
Road Surface Type Paved
Lot Size Units Acres
Covered Spaces 1
Pool YN No
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* Excluded Features
List By
Javier Garza Jr.

Listing Agent

Encore Fine Properties

Broker

thejaviergarzajrluxurygroup@gmail.com

Email

Affordability Calculator

$21,987
Per Month
88%
12%
0%
Monthly Principal & Interest
$19,274
Monthly Property Taxes
$2,713
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1203993 Elementary School
4503604 Middle School
Vela H.S. High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/1/2024$2,900,000 -9.38% Price Down
1/7/2024$3,200,000 Listed Price

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1001 E Owassa Road, Edinburg, TX, 78542 is a Multi-Family Home for sale at $2,900,000 with 18,200 sqft and a lot size of 2.6862. 1001 E Owassa Road has 28 bedrooms, 28.0 baths, and was built in 2017. The property's zip code is 78542 which is in Edinburg, TX

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