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1100 E Owassa Rd 12 Unit Apartment Building $1,495,000 ($124,583/Unit) Edinburg, TX 78542
Investment Highlights
- Rents have plenty of room to be adjusted to the upside as they are underpriced! New build will also command way more rent!
Executive Summary
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
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
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$100,800
|
$11.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$100,800
|
$11.73
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $100,800 |
| Annual Per SF | $11.73 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $100,800 |
| Annual Per SF | $11.73 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,495,000 | Lot Size | 1.43 AC |
| Price Per Unit | $124,583 | Building Size | 8,592 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2002/2018 |
| Property Subtype | Apartment | Parking Ratio | 2.79/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | RS | ||
| Price | $1,495,000 |
| Price Per Unit | $124,583 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.43 AC |
| Building Size | 8,592 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 2002/2018 |
| Parking Ratio | 2.79/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RS |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $750.00 | 716 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | Y2700-00-000-0001-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $329,902 |
Property Taxes
Parcel Number
Y2700-00-000-0001-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$329,902
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1100 E Owassa Rd