4509 Larkspur AVE Active Save Request In-Person Tour Request Virtual Tour
Mcallen,TX 78504
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 73,752 sqft
Price per Sqft $176
Subdivision Brier Village
MLS Listing ID 483378
Year Built 2025
Annual Tax Amount $21,600
Tax Year 2025
Lot Size 4.017 Acres
Property Sub-Type Apartment
Property Description
Prime investment opportunity in McAllen! This brand-new 72-unit apartment community at Nolana Ave and Bentsen Rd offers a 6%+ CAP rate with strong rental performance and high occupancy demand. Most of the 18 fourplex buildings are completed, and property management is actively leasing as utilities connect. Each fourplex has its own tax ID and legal description, providing flexibility for future resale or portfolio structuring. Average rents are $1,300 per month with tenants paying their own utilities. Units feature stainless-steel appliances, full-size washer and dryer, walk-in closets, designer kitchens with full-height cabinets, luxury bathrooms with glass showers and tubs, and private patios or grassed areas for every unit. Located near HEB, Walmart, hospitals, banks, and McAllen ISD, this safe, fast-growing area offers strong long-term appreciation potential.Ideal for 1031 exchange, portfolio growth, or depreciation benefits.
Location
State TX
County Hidalgo
Community Gated,Sidewalks,Street Lights
Rooms
Other Rooms Outbuilding (None)
Interior
Heating Central
Cooling Central Air
Flooring Tile,Vinyl
Equipment 1 Year Warranty
Laundry Laundry Closet,Washer/Dryer Connection
Exterior
Fence Other,Privacy,Wood
Community Features Gated,Sidewalks,Street Lights
Utilities Available Internet Access,Cable Available
View Y/N No
Roof Type Shingle
Building
Lot Description Corner Lot,Irregular Lot,Professional Landscaping,Sidewalks,Sprinkler System
Story 2
Foundation Slab
Sewer City Sewer
Water Public
Structure Type Stucco
New Construction Yes
Schools
Elementary Schools Wernecke
Middle Schools Sharyland North Junior
High Schools Sharyland H.S.