20 days on rocket

1001 E Owassa Rd, Edinburg, TX, 78542

$2,900,000

0 Baths
18,200 SqFt
$159/SqFt
Condo

Location

Image provided by Mapbox

Property Highlights

Home TypeCondominium
ParkingGarage Faces Side
Year Built2017
HeatingCentral
CoolingCentral Air
MLS #423485
Lot Size2.69 Acres
StatusActive

About 1001 E Owassa Rd

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!

Property Details

Property Features

Property Information:

  • Year Built: 2017
  • Stories: 1
  • Living Area: 18,200 SqFt

Listing Office:

  • Office Name: Encore Fine Properties
  • Office Phone: (956) 821-6170
  • Listing Agent: Javier Garza Jr.

Interior Features

Interior Information:

  • Appliances: Range, Cooktop, Dryer, Washer, Refrigerator
  • Flooring Type: Tile
  • Interior: Walk-In Closet(s)

Exterior Features

Exterior Information:

  • Exterior: Other

Parking Information:

  • Parking: Garage Faces Side

Lot Features

Lot Information:

  • Lot: Cul-De-Sac
  • Lot Size: 2.69 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From the intersection of Expressway 281 and Owassa Rd, head east, street entrance will be on north side right after passing IDEA school.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,900,000
  • Price Per SqFt: $159/SqFt

Tax Information:

  • Annual Amount: $27,670
  • Tax Year: 2020
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MLS Details

MLS Information:

  • MLS Name: McAllenTX
  • MLS Number: #423485

Listing Office:

  • Office Name: Encore Fine Properties
  • Office Phone: (956) 821-6170
  • Listing Agent: Javier Garza Jr.

Listing information provided by Greater McAllen Association of REALTORS MLS. Information is deemed to be reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 12/22/2024, 12:16:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$27,670$1,018,492
2019$27,995$1,022,668
2017$20,691$743,185

History based on county public records data.

Payment Calculator

$14.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,761

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-967168
9
/10

  • Idea Owassa Academy

  • 1000 E Owassa Rd

  • 0.24 miles

  • Public Charter Grades PK-3

school-card-donut-967169
9
/10

  • De Escandon Elementary School

  • 1100 E Trenton Rd

  • 0.92 miles

  • Public District Grades PK-5

school-card-donut-967170
7
/10

  • Dr. William Long Elementary School

  • 3700 N Raiders Dr

  • 1.45 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1001 E Owassa Rd

What is the listing price of this property?

The listing price of 1001 E Owassa Rd property is $2,900,000.

What type of property is this?

The property 1001 E Owassa Rd is a condo located in Edinburg, Texas, 78542.

Is this property for sale now?

Active Listing: 1001 E Owassa Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $27,670 (source: MLS/based on county public records data).

What is the square footage of this property?

The property 1001 E Owassa Rd is 18,200 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1001 E Owassa Rd is 2017.
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Rocket Homes›Texas›Hidalgo County›Edinburg›78542›1001 E Owassa Rd

This home is located at 1001 E Owassa Rd in Edinburg, TX and zip code 78542 in the Lopezville neighborhood. This 18,200 square foot home, which was built in 2017, sits on a 2.69 acre lot. It has been listed on Rocket Homes since December 02, 2024 and is currently priced at $2,900,000.

From Rocket Homes Real Estate and based on county public records data.

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