1001 East Owassa Road

Edinburg, TX 78542

$2,900,000
Price
Beds
18,200 Sq. Ft.
$159 / Sq. Ft.
18,200
Sq. Ft.
$159
per Sq. Ft.

Description

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....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!

Property Details for 1001 East Owassa Road

Community Features
Other
Subdivision Name
Rose Garden
LISTING UPDATED: 08/08/2024 11:32 AM

Property Details for 1001 East Owassa Road

StatusActive
MLS #423485
Days on Market284
Taxes$32,550 / year
HOA Fees-
Condo/Co-op Fees$16,503 / year
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built2017
CountyHidalgo County

Building Information for 1001 East Owassa Road

Building/Complex1001 E Owassa RdFloor-Stories-Residences28Pet Policy-Year Built2017Building Size-

Property Information for 1001 East Owassa Road

Summary
Location and General Information
  • Directions: From the intersection of Expressway 281 and Owassa Rd, head east, street entrance will be on north side right after passing IDEA school.
  • Road Surface Type: Paved
Parking
  • Carport Spaces: 1.0
  • Carport YN: Yes
  • Covered Spaces: 1.0
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: Garage Faces Side
  • Parking Total: 1.0
School Information
  • Elementary School: Ramirez
  • Elementary School District: Edinburg ISD
  • High School: Vela H.S.
  • High School District: Edinburg ISD
  • Middle Or Junior School: Riviera
  • Middle Or Junior School District: Edinburg ISD
Taxes and HOA
  • Association: No
  • Parcel Number: R408000000000100
  • Tax Annual Amount: $32,550
  • Tax Legal Description: ROSE GARDEN - AMENDED LOT 1
  • Tax Year: 2023
Property
Lot Information
  • Building Area Source: HidalgoCAD
  • Building Area Total: 18200.0
  • Building Area Units: Square Feet
  • Living Area: 18200.0
  • Living Area Source: HidalgoCAD
  • Living Area Units: Square Feet
  • Lot Features: Cul-De-Sac
  • Lot Size Acres: 2.6862
  • Lot Size Area: 2.6862
  • Lot Size Square Feet: 117010.872
  • Lot Size Units: Acres
Property and Assessments
  • Year Built: 2017
  • Year Built Source: HCAD
  • Escrow: $32,000.00
Utilities
  • Irrigation Water Rights: No
  • Number Of Separate Water Meters: 1
  • Sewer: City Sewer
Green Features
  • Green Energy Efficient: Thermostat
Mobile Home
Mobile Home Information
  • Home Warranty: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: Other
  • Fencing: Wood
  • Pool: No
  • Number Of Buildings: 14
  • Construction Materials: Block, Stucco
  • Other Structures: Outbuilding (None)
  • Roof: Shingle
  • Security Features: Smoke Detector(s)
Interior Features
  • Appliances: Water Heater (Laundry Room), Dryer, Refrigerator, Stove/Range, Washer
  • Cooling: Central Air
  • Cooling YN: Yes
  • Flooring: Tile
  • Heating: Central
  • Heating: Yes
  • Interior Features: Dryer, Walk-In Closet(s), Washer
  • Laundry Features: Laundry Area, Washer/Dryer Connection
  • Foundation Details: Slab
Multi Family
Income & Expenses
  • Gross Income: $239,500.00
  • Insurance Expense: $12,111.00
  • Maintenance Expense: $16,503.00
Multi-Family Information
  • Number Of Units In Community: 14
  • Number Of Units Total: 28
  • Other Expense: $.00

Property History for 1001 East Owassa Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1001 East Owassa Road

Taxable ValueLand$731,325Additions$518,675Total$1,250,000
Tax Record2022$32,550 ($2,712 / month)
Home Facts
Total Finished SqFt7,800 SqFtAbove Grade Finished SqFt7,800 SqFtStories1Lot Size117,011 SqFtStyleMulti-Family Res (5+ Units)Year Built2016CountyHIDALGOAPNR4080-00-000-0001-00

Schools near 1001 East Owassa Road

This home is within Edinburg Consolidated Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 8 to 12
Public - 3 to 12
Rating
School
Distance
Alfonso Ramirez Elementary School
PublicPK to 5

South Middle School
Public6 to 8

Robert R Vela High School
Public8 to 12

Edinburg Alternative Education Academy
Public3 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1001 East Owassa Road is a multi-family home for sale in Edinburg, TX 78542. This property was listed for sale on January 7, 2024 by Encore Fine Properties, it's currently listed at $2,900,000. This listing's school district is Edinburg Consolidated Independent School District. Nearby schools include Alfonso Ramirez Elementary School, South Middle School and Robert R Vela High School. 1001 East Owassa Road is a 0-bed, 0-bath, 18,200 sqft multi-family home built in 2017.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Encore Fine Properties

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.