1101 Lark Ave McAllen, TX 78504
This exceptional investment opportunity presents a well-maintained duplex located at 1101 Lark Avenue in McAllen, Texas, 78504. Built in 2002, this property sits on a generous 15,390 square foot lot and comprises a single building housing two units. Each unit boasts three bedrooms and two bathrooms, providing a combined living space exceeding 3,500 square feet. The property's strategic location in North McAllen, conveniently situated near 10th Street, offers easy access to local amenities and benefits from strong rental demand, making it an ideal choice for investors seeking passive income generation. The asking price for this multifamily property is $344,900. This duplex represents a compelling investment prospect in a thriving Texas market, promising both immediate returns and significant long-term growth potential. The property's size and layout offer flexibility for various investment strategies, making it an attractive option for both seasoned investors and those new to the real estate market. The substantial lot size also presents potential for future expansion or development, further enhancing its investment appeal. This is a turnkey opportunity to acquire a high-performing asset in a desirable location.
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Computel Consultants Business Management Consultant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.