Home For Sale In Edinburg, Texas

house for sale

Listed: 02/27/24

1001 E Owassa Rd, Edinburg, Texas, 78542

Studio Bed:

18,200 Sq Ft Living Area:

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Price

$ 3,2M

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About This House

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. NOIwas$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!

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Original listing

Pharr Housing & Living

Average sale prices for houses

3 bed

Show as List Show as Graph

Month	Median Price
May 2024	$248,808 (+0.6%)
Apr 2024	$247,400 (0%)
Mar 2024	$247,400 (0%)
Feb 2024	$247,400 (0%)
Jan 2024	$247,400 (+4.6%)
Dec 2023	$236,547 (-2.3%)

In May 2024, the asking price for 3 bed houses for sale in/near Pharr, United States averaged $248,808, an increase of 0.6% from the previous month.

Median price trends for properties for sale in Pharr, United States as of May 2024.

Household Income

Median household income: $39,445

Number of households: 21,413

The average household income in Pharr, TX grew from $36,501 to $39,445 in the past year. This data is an estimate based upon 21,413 households in Pharr, TX.
The chart below presents how household income is distributed in Pharr, TX in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Pharr, TX compared to median property taxes around the country. The prevalent amount of property taxes in Pharr, TX equals $800-$1,500 , which is less than the national average.