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    5805 Sandpiper Ave McAllen, TX 78504

    For Sale
    $537,900

    Four-plex, High Cash Flow, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 2022-built four-plex located at 5805 Sandpiper Avenue in McAllen, Texas, presents a compelling investment opportunity. Situated on an expansive 11,249.81 square foot lot within a gated community, this property boasts two buildings, each housing two units. All four units are three-bedroom, two-bathroom apartments, currently generating significant income. Three of the four units are currently leased, commanding monthly rents between $1,270 and $1,375. Each unit features modern amenities including stainless steel appliances and a full-size washer and dryer. Residents enjoy the convenience of assigned carport parking and a private, fenced concrete backyard, minimizing maintenance. The property's prime location in McAllen, within the desirable Sharyland ISD, ensures strong tenant demand and long-term value appreciation. This turnkey investment offers immediate cash flow and a promising return on investment. The property's excellent condition and desirable features make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a high-performing multifamily property in a thriving Texas market. Don't miss out on this exceptional investment opportunity.

    Property Features for 5805 Sandpiper Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2022
    Buildings
    2
    Units
    4

    HighLights

    • Exceptional 2022‑built four‑plex in McAllen, TX.
    • Located on an 11,249.81 sq ft lot in a gated community.
    • Two buildings, each with two three‑bedroom, two‑bathroom units.
    • Three units currently leased, generating monthly rents of $1,270-$1,375.
    • Units feature stainless steel appliances, full‑size washer/dryer, assigned carport parking, and fenced backyards.
    • Located in desirable Sharyland ISD, offering strong tenant demand.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2322355
    Latitude
    26.2892001

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    FAQs

    What type of property is this?
    Multifamily property - Four-plex, High Cash Flow, Prime Location
    Where is this multifamily property located?
    The property is located at 5805 Sandpiper Ave McAllen, TX.
    What is the asking price?
    The asking price for this property is $537,900.
    What are key features of this property?
    This property features: Exceptional 2022-built four-plex in McAllen, TX.; Located on an 11,249.81 sq ft lot in a gated community.; Two buildings, each with two three-bedroom, two-bathroom units.
    Request Owner's contact information
    5805 Sandpiper Ave McAllen, TX 78504
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5805 Sandpiper Ave McAllen, TX 78504
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