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1001 E Owassa

Edinburg, TX 78542
  • $3,200,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 373004
UPDATED: 79 min ago
$3,200,000
  • 0
    BEDS
  • 2.69
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 18,200
    SQFT
  • $176
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2016
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Great income producing opportunity! 1001 E Owassa apartment complex consists of 14 duplex buildings totaling 28 units located in Edinburg, TX. Apartments were built in 2016/2017, each unit consists of 2 bedrooms and 1 bath, with its own carport and drive way. Each unit is equipped with stainless steel appliances and washer/dryer. Built to last, exterior walls are of concrete block and stucco construction. Individual electric meters and one master water meter, city sewer. Property is ideally located in front of an IDEA public school and seconds away from Expressway 281. All 28 units are currently rented out averaging $700 per month each, total annual revenue is in the $230,000 range. Low maintenance and utility expenses. Room for rent increases.

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© 2022 Greater McAllen Association of Realtors Multiple Listing Service.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or API Real Estate. Data last updated: 2022-01-24T10:16:29.79.
www.apirealestatehomes.com/homes/124589660
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1001 E Owassa Edinburg, TX 78542

  • Price: $3,200,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 79 min ago
  • MLS #: 373004
0
Beds
0
Baths
0
½ Baths
2.69
Acres
18,200
SQFT
$176
$/SQFT
2016
Built
Neighborhood:
Rose Garden
County:
Hidalgo
Area:
Edinburg
Elementary School:
Ramirez
Middle School:
South Middle School
High School:
Vela H.S.
School District:
Edinburg ISD
Property Description
Great income producing opportunity! 1001 E Owassa apartment complex consists of 14 duplex buildings totaling 28 units located in Edinburg, TX. Apartments were built in 2016/2017, each unit consists of 2 bedrooms and 1 bath, with its own carport and drive way. Each unit is equipped with stainless steel appliances and washer/dryer. Built to last, exterior walls are of concrete block and stucco construction. Individual electric meters and one master water meter, city sewer. Property is ideally located in front of an IDEA public school and seconds away from Expressway 281. All 28 units are currently rented out averaging $700 per month each, total annual revenue is in the $230,000 range. Low maintenance and utility expenses. Room for rent increases.
Exterior Features

Carport Spaces 28 Carport YN Yes Construction Materials ConcreteStucco Covered Spaces 28 Exterior Features Other Fencing Wood Foundation Details Slab Garage YN No Lot Features Curb & Gutters Other Structures Laundry FacilityStorage Parking Features Garage Faces Front Parking Total 28 Pool YN No Road Surface Type Paved Roof Shingle

Interior Features

Appliances Water Heater (Laundry Room)DryerOtherRefrigeratorStove/RangeWasher Cooling Central Air Cooling YN Yes Flooring Tile Interior Features Ceiling Fan(S)Dryer Laundry Features Laundry Room Window Features Energy Features (Double Pane Windows)

Property Features

Association YN No Community Features CurbsStreet Lights Green Energy Efficient Thermostat Maintenance Expense 3000 Other Expense 5500 Property Sub Type Apartment Complex Security Features Smoke Detector(S) Sewer City Sewer Tax Annual Amount 27579 Tax Year 2021 Utilities Cable Available

Listing by Michael Cantu of Jp & Associates, Realtors.
© 2022 Greater McAllen Association of Realtors Multiple Listing Service.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or API Real Estate. Data last updated: 2022-01-24T10:16:29.79.
 
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API Real Estate
3019 W. Alberta Rd.
Edinburg TX, 78539