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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!
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!
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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Ohana Properties LLC
1100 E Owassa Rd
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