$3,200,000
Pending

1001 E Owassa Road

Edinburg, TX 78542
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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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  • Interior Details
    • Interior Features
      • Interior:Ceiling Fan, Dryer
  • Property Details
    • Property
      • Lot description:Curb Gutters
      • Exterior materials:Other
    • Measurements
      • Acres:2.6862
      • Square Feet:18200
  • Construction Details
    • Condition
      • Year built:2016
    • Material information
      • Foundation:Slab
  • Utilities / Energy Details
    • Utility
      • Sewer information:City Sewer
      • Utility features:Cable Available
  • Community and Neighborhood Details
    • Location
      • Elementary School:Ramirez
      • Middle School:South Middle School
      • High School:Vela H.S.
      • County:Hidalgo
    • Community
      • Subdivision:Rose Garden
  • Financial Details
    • Pricing Details
      • Original List Price:$3, 000, 000
  • Other
    • Source
      • MLS #:373004

Location

Ricky AllenReal Estate Group
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