Edinburg, TX 78542 1001 E Owassa Road
$2,500,000
5 more
Presented By: JPAR North Metro
SQFT • 18,200
Home Details
Rare opportunity: a 28-unit duplex portfolio built in 2016, among the newest workforce housing product to hit the Edinburg market. Fourteen concrete block and stucco duplex buildings, each unit a 2BD/1BA with its own carport and private driveway and stainless steel appliances. Individually metered electric (28 meters) — tenants pay their own power; owner covers water/sewer through a single master meter.
Unbeatable location directly in front of IDEA Public Schools and seconds from Expressway 281, with immediate access to the Edinburg–McAllen–Mission employment corridor. Durable, low-maintenance construction keeps capex minimal for a property still under 10 years old.
Financials available upon request; call listing agent for showing instructions, tenant occupied.
Presented By: JPAR North Metro
Interior Features for 1001 E Owassa Road
Other Interior Features
LivingAreaSourceAppraiser
Air Conditioning Y/NYes
FlooringTile
Heating Y/NYes
Interior AmenitiesOther
Laundry FeaturesNone
Window FeaturesEnergy Features (Double Pane Windows)
General for 1001 E Owassa Road
AppliancesWater Heater (Laundry Room), Dryer, Other, Refrigerator, Stove/Range, Washer
Building Area UnitsSquare Feet
Carport Spaces24
Carport Y/NYes
CityEdinburg
Community FeaturesCurbs, Street Lights
Construction MaterialsBlock, Stucco
CoolingCentral Air
CountyHidalgo
DirectionsFrom the intersection of Expressway 281 and Owassa Rd, head east, street entrance will be on north side right after passing IDEA school.
Elementary SchoolRamirez
Elementary School DistrictEdinburg ISD
Energy EfficientThermostat
FreeholdBBO, VOW, IDX
Garage Spaces
Garage Y/NNo
Gross Income192815
HOANo
HeatingCentral
High SchoolVela H.S.
High School DistrictEdinburg ISD
Home Warranty Y/NNo
Insurance Expense21280
Legal DescriptionRose Garden - Amended Lot 1
Living Area18200
Living Area UnitsSquare Feet
Lot Size Square Feet116740.8
Lot Size UnitsAcres
MaintenanceExpense12237
Middle/Junior High SchoolSouth Middle School
Middle/Junior School DistrictEdinburg ISD
Number Of Units Total28
Other StructuresLaundry Facility, Storage
PossessionClosing and Funding
Property SubtypeApartment
Property TypeResidential Income
RoofShingle
SewerCity Sewer
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameRose Garden
Tax Annual Amount25276
Tax Year2025
Year Built2016
Year Built SourceAppraiser
Exterior for 1001 E Owassa Road
Building Area Total18200
Covered Spaces24
Exterior AmenitiesOther
FencingWood
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot Dimensions191.76 x 610.20
Lot FeaturesCurb & Gutters
Lot Size Acres2.68
Lot Size Area2.68
Number of Buildings14
Number of Separate Water Meters1
Parking FeaturesGarage Faces Front
Pool YNNo
Road Surface TypePaved
Total Parking24
Additional Details
Price History
Schools
Elementary School
Ramirez Elementary School
Enrique Guzman
Realtor