List Price:
$2,900,000
MLS Number:
423485
Property Type:
Residential Income
Property Sub Type:
Apartment
Accessibility Features:
Appliances:
Water Heater (Laundry Room), Dryer, Refrigerator, Stove/Range, Washer
Application Fee:
Association Fee:
Association Fee Frequency:
Association YN:
No
Attached Garage YN:
Availability:
Base Rent Amount:
Basement:
Building Area Total:
18200
Building Area Units:
Square Feet
Carport Spaces:
1
Carport YN:
Yes
City:
Edinburg
Community Features:
Other
Construction Materials:
Block, Stucco
Cooling:
Central Air
Cooling YN:
Yes
Country:
US
County:
Hidalgo
Covered Spaces:
1
Designated Broker MUI:
1268114
Directions:
From the intersection of Expressway 281 and Owassa Rd, head east, street entrance will be on north side right after passing IDEA school.
Elementary School:
Ramirez
Elementary School District:
Edinburg ISD
Exterior Features:
Other
Fencing:
Wood
Fireplace YN:
Flooring:
Tile
Foundation Details:
Slab
Furnished:
Garage Spaces:
0
Garage YN:
No
Green Energy Efficient:
Thermostat
Heating:
Central
Heating YN:
Yes
High School:
Vela H.S.
High School District:
Edinburg ISD
Interior Features:
Dryer, Walk-In Closet(s), Washer
Laundry Features:
Laundry Area, Washer/Dryer Connection
Lease Term:
Leased Rent Share:
Living Area Source:
HidalgoCAD
Living Area SqFt:
18200
Living Area Units:
Square Feet
Lot Features:
Cul-De-Sac
Lot Size Acres:
2.6862
Lot Size SqFt :
117010.872
Maintenance Expense:
$16,503
Middle School:
Riviera
Middle School District:
Edinburg ISD
New Construction YN:
Number Of Buildings:
14
Number Of Units In Community:
14
Number Of Units Total:
28
Open Parking YN:
Other Bldg SqFt:
Other Equipment:
Other Expense:
$0
Other Structures:
Outbuilding (None)
Own Lot YN:
Parking Features:
Garage Faces Side
Parking Total:
1
Patio And Porch Features:
Pet Deposit:
Pets Allowed:
Pool Features:
Pool Private YN:
Pool YN:
No
Postal Code:
78542
Property Attached YN:
Public Remarks:
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!
Road Frontage Type:
Road Surface Type:
Paved
Roof:
Shingle
Room Office Area:
Rooms Total:
Security Features:
Smoke Detector(s)
Security Deposit:
Sewer:
City Sewer
Showing CSS YN:
Spa Features:
Spa YN:
Standard Status:
Pending
State:
TX
Status:
Pending
Street Dir Prefix:
E
Street Dir Suffix:
Street Name:
Owassa
Street Number:
1001
Street Suffix:
Road
Subdivision:
Rose Garden
Tax Annual Amount:
$32,550
Tax Year:
2023
Utilities:
Water Source:
Window Features:
Year Built:
2017
