About 4509 Larkspur Avenue
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.
Features of 4509 Larkspur Avenue
| MLS® # | 483378 |
|---|---|
| Price | $13,000,000 |
| Square Footage | 73,752 |
| Acres | 4.02 |
| Year Built | 2025 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 4509 Larkspur Avenue |
|---|---|
| Subdivision | Brier Village |
| City | McAllen |
| County | Hidalgo |
| State | TX |
| Zip Code | 78504 |
Amenities
| Utilities | Internet Access, Cable Available |
|---|---|
| Parking Spaces | 108 |
| Parking | Attached, No Garage |
| Is Waterfront | No |
| Has Pool | No |
| Laundry Features | Laundry Closet, Washer/Dryer Connection |
| Community Amenities | Gated, Sidewalks, Street Lights |
Interior
| Interior Features | Built-in Features, Ceiling Fan(s), Decorative/High Ceilings, Dryer, Microwave, Walk-In Closet(s), Washer |
|---|---|
| Appliances | Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Coil, Washer |
| Heating | Central |
| Cooling | Central Air |
| Total # of Units | 68 |
| # of Buildings | 36 |
Exterior
| Lot Description | Corner Lot, Irregular Lot, Professional Landscaping, Sidewalks, Sprinkler System |
|---|---|
| Windows | Energy Features (Double Pane Windows) |
| Roof | Shingle |
| Construction | Stucco |
| Foundation | Slab |
School Information
| District | McAllen ISD |
|---|---|
| Elementary | Wernecke |
| Middle | Sharyland North Junior |
| High | Sharyland H.S. |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| HOA Fees Freq. | One Time |
| Property Insurance | $28,800 |
| Gross Income | $93,460 |
| HOA Association | Yes |
Listing Details
| Agent | Irene Uribe Manrique De Lara |
|---|---|
| Office | Texas Landmark Realty LLC |
| Contact Info | 956-492-5638 |