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Commercial > Multi-family / Apartments
Active
1 week ago
List Price
$2,900,000$159/ft²

1001 Owassa Rd
Edinburg, TX 78542

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  • 1001 Owassa Rd, Edinburg, TX 78542 is a 18,200 ft² multi-family/apartments property built in 2017 on a 2.686 acre lot. This multi-family/apartments is currently on the market for $2,900,000.

    MLS Description

    The listing agent's description. Original Listing

    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!

    Listing Agents

    The listing agent for 1001 Owassa Rd is Javier Garza Jr..

    Current Ownership

    Information about the current owner(s).

    Property History

    1001 Owassa Rd has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 1001 Owassa Rd

    School Information

    Public/private schools serving 1001 Owassa Rd

    Neighborhood

    This property is located in Lopezville, Edinburg, TX 78542.

    Market Trends

    Historical market data near 1001 Owassa Rd over selected time period.

    Copyright © 2024 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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