4509 LARKSPUR AVENUE, MCALLEN, TX 78504
Homes for sale in Mcallen.
Homes for sale in 78504.
4509 Larkspur Avenue
McAllen, TX 78504
List Price$13,000,000
Listing #483378
73,752
Square Feet
68
Number of Units
House
Type
About This Property
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.
Property Features
Location Information
County
Hidalgo
Directions
Head east on W Nolana Ave toward N Bentsen Rd, Turn right onto N Bentsen Rd, Turn right onto Larkspur Ave
Subdivision
Brier Village
Interior Features
Interior
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
Total Number of Units
68
Cooling
Central Air
Features
Gated, Sidewalks, Street Lights
Floors
Tile, Vinyl
Furnished
Unfurnished
Laundry
Laundry Closet, Washer/Dryer Connection
Windows/Doors Description
Energy Features (Double Pane Windows)
Additional Equipment
1 Year Warranty
Exterior Features
Is New Construction
Yes
Parking Spaces
108
Construction
Stucco
Fencing
Other, Privacy, Wood
Foundation
Slab
Patio / Deck Description
Patio
Roof
Shingle
Lot Description
Corner Lot, Irregular Lot, Professional Landscaping, Sidewalks, Sprinkler System
Possession
Closing and Funding
Lot Size in Acres
4.018
Septic or Sewer
City Sewer
Lot Size in Sq. Ft.
175,000
Water
Public
Condition
New Construction
Utilities
Internet Access, Cable Available
Buildings
Outbuilding (None)
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Energy Features
None
Parking Description
Attached, No Garage
Road Description
Paved
Garage Spaces
0
School
Elementary School District
McAllen ISD
Middle School
Sharyland North Junior
Elementary School
Wernecke
High School
Sharyland H.S.
Additional Information
Is a Gated Community
Yes
Status
Active
Property Type
SFR
Units in Complex
17
Property SubType
Apartment
Taxes
21600
Year Built
2025
Tax Year
2025
APN
B427000000000300 (+multip
Square Feet Source
Blue Prints
Mortgage Calculator
$60,711
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$46,845
Monthly Tax
$10,833
Monthly Insurance
$3,033
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Real Estate IDX Powered by iHomefinder