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5600 Sandpiper Ave. - Luxury Fourplex 5600 Sandpiper ave 4 Unit Apartment Building $610,245 CAD ($152,561 CAD/Unit) 8.33% Cap Rate McAllen, TX 78504
Investment Highlights
- Wonderful Quiet gated community that is well kept, off the mail roads, Tenants LOVE this subdivision
- All brick exterior, very low maintenance, large gated yards, small families love these, and stay longer becuase of the good schools nearby
- Each unit has great lighting, open floor plan, and low maintenance surfaces
Executive Summary
Welcome to Shary Manor, located in one of the fastest growing Texas counties. This Fourplex is quality built, all Brick, Low maintenance exterior. And fully leased. The quality units have nice fenced backyards, Stainless Steel Kitchen appliances, and washer/dryer are included. These features are ones that Young professional couples, Young Families, and families relocating from out of state LOVE. This gated community is in the most desirable school district in the county! It is near parks, restaurants, colleges, hospitals and vast amount of medical and jobs. These units are professionally managed. Pics from one unit that used to be an AirBNB and a vacant unit that now has tenant. Please download the Offering Memorandum as it has greater detail about the product, the subdivision, and community details helping to show why the McAllen MSA is a good place to invest.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$67,371
|
$16.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,371
|
$16.17
|
| Taxes |
$16,068
|
$3.86
|
| Operating Expenses |
$7,052
|
$1.69
|
| Total Expenses |
$23,120
|
$5.55
|
| Net Operating Income |
$44,251
|
$10.62
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $67,371 |
| Annual Per SF | $16.17 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $67,371 |
| Annual Per SF | $16.17 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,068 |
| Annual Per SF | $3.86 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,052 |
| Annual Per SF | $1.69 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $23,120 |
| Annual Per SF | $5.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $44,251 |
| Annual Per SF | $10.62 |
Property Facts
| Price | $610,245 CAD | Building Class | C |
| Price Per Unit | $152,561 CAD | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 4,166 SF |
| Cap Rate | 8.33% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 1.92/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi-Family Residental - Multi-Family Residental Fourplex community | ||
| Price | $610,245 CAD |
| Price Per Unit | $152,561 CAD |
| Sale Type | Investment |
| Cap Rate | 8.33% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 4,166 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 1.92/1,000 SF |
| Zoning | Multi-Family Residental - Multi-Family Residental Fourplex community |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Double Pane Windows
- Lawn
- Linen Closet
- Large Bedrooms
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Controlled Access
- Gated
- Recycling
- Private Bathroom
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $1,580 CAD | - |
| 2+1 | 3 | $1,356 CAD | - |
1 1
Property Taxes
| Parcel Number | S2955-00-000-0018-00 | Total Assessment | $691,521 CAD |
| Land Assessment | $171,755 CAD | Annual Taxes | $16,068 CAD ($3.86 CAD/SF) |
| Improvements Assessment | $519,766 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
S2955-00-000-0018-00
Land Assessment
$171,755 CAD
Improvements Assessment
$519,766 CAD
Total Assessment
$691,521 CAD
Annual Taxes
$16,068 CAD ($3.86 CAD/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Bryan Bjerke
5600 Sandpiper Ave. - Luxury Fourplex | 5600 Sandpiper ave
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