Studios On Fourth | 120 S 4th St
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Studios On Fourth 120 S 4th St
29 Unit Apartment Building $3,609,825 CAD ($124,477 CAD/Unit) 8.90% Cap Rate McAllen, TX 78501
Investment Highlights
- Completely upgraded and remodeled
- Well located
- Beautifully furnished
Executive Summary
Don't miss this chance to acquire this well located, unique, and extremely profitable asset. The property is located just steps from popular retail and restaurants and the highly trafficked intersection of business 83 and 2nd st. All of the units have been professionally remodeled with high quality finishes, and are turn key ready for occupancy. The property presents an particularly interesting opportunity to fill a specific niche in the local rental market with its completely furnished studio units. The units are equipped with smart tv's, comfortable beds, dining areas, kitchenettes, and in unit washer and dryers.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,609,825 CAD | Apartment Style | Low Rise |
| Price Per Unit | $124,477 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.62 AC |
| Cap Rate | 8.90% | Building Size | 12,445 SF |
| No. Units | 29 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 2024/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.57/1,000 SF |
| Price | $3,609,825 CAD |
| Price Per Unit | $124,477 CAD |
| Sale Type | Investment |
| Cap Rate | 8.90% |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.62 AC |
| Building Size | 12,445 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2024/2025 |
| Parking Ratio | 2.57/1,000 SF |
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 29 | - | 252 - 409 |
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | W6300-03-000-0001-00 | Total Assessment | $874,305 CAD (2023) |
| Land Assessment | $214,195 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $660,110 CAD (2023) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
W6300-03-000-0001-00
Land Assessment
$214,195 CAD (2023)
Improvements Assessment
$660,110 CAD (2023)
Total Assessment
$874,305 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Studios On Fourth | 120 S 4th St
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