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$2,900,000

Beds
Unknown
sq ft
18,200

1001 E Owassa Rd, Edinburg, TX 78542

1001 E Owassa Rd

Edinburg, TX 78542

  • 321 days on market
    • Price drop $300,000↓
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!

Details

Property type

Apartment

Lot size

2.6862 acres

Price per sq ft

$160

Year built

2017

Annual property taxes

$32,550

Price History

08/08/2024
McAllenTX

McAllenTX #423485

Listed
$2,900,000
07/02/2024
McAllenTX

McAllenTX #423485

Pending
$2,900,000
05/01/2024
McAllenTX

McAllenTX #423485

Price change
$2,900,000
-9.38%

Schools & Community

Elementary school: 

Ramirez

Middle school: 

Riviera

High school: 

Vela H.S.

High school district: 

Edinburg ISD

Number of units in community: 

14

Status: Active

Tomo last checked: 11/23/2024 at 8:35 AM

Listing updated: 08/08/2024 at 11:40 AM

Listed by: Javier Garza Jr., Encore Fine Properties Phone #: (956) 821-6170

MLS: McAllenTX #423485

McAllenTX logo

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