1100 E Owassa Rd - Apartments FOR SALE


Edinburg, TX 78542
$1,495,000 USD
956-250-4505
1100 E Owassa Rd, Edinburg, TX for Sale
$1,495,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

1100 E Owassa Rd
Edinburg, TX 78542


HIGHLIGHTS

  • Rents have plenty of room to be adjusted to the upside as they are underpriced! New build will also command way more rent!

OVERVIEW

Existing 12-unit multifamily investment property (100% fully occupied) with added laundry facility for extra income and approximately .70 acre extra land to build another 5 fourplex (20 units) for grand total of 32-unit property! 1 minute away from HWY 281 with IDEA school district as a neighbor Rents have plenty of room to be adjusted to the upside as they are underpriced! New build will also command way more rent! Offering 2% to buyers agent! Call or text to (956) 250 4505 for any questions

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$174 USD /SF

# OF UNITS

12

PRICE/UNIT

$124,583

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

RS

APN/PARCEL ID

Y2700-00-000-0001-00

ASK ABOUT THIS PROPERTY

Jorge EscobedoOhana Properties LLCMore Info
956-250-4505

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Jorge EscobedoOhana Properties LLCMore Info
956-250-4505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.