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Luxury Fourplex in gated community 3800 Ventura Ave 4 Unit Apartment Building $519,000 ($129,750/Unit) 8.60% Cap Rate McAllen, TX 78504
Investment Highlights
- 4-3 bed/2 bath high-end units with yards in a gated high growth area with parks and amenities close by!
Executive Summary
Eldorado Estates proudly presents a High-end COMPLETED ALL 3 bed Fourplex surrounded by custom home communities. A 50 million $ shopping center has just been approved within 1/8 mile. This private gated community is just a short distance from the downtown business district and the University of Texas RGV campus. The surrounding neighborhood is near quality public schools, coffee shops, supermarkets, wine bars, fine dining, yoga classes, day care, parks and recreation, stadiums and entertainment venues, and a University of Texas campus with over 31,000 students just 12 minutes away. Featuring a Fourplex built to custom home standards with recessed decorative ceilings and high-end fixtures and finishes. Stainless steel refrigerators, microwave, washer, dryer and window coverings are included in the package. All 4 units LARGE 3bed/2 ba with 1050 sq ft + yard space.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$62,200
|
$14.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$62,200
|
$14.81
|
| Taxes |
$10,500
|
$2.50
|
| Operating Expenses |
$7,268
|
$1.73
|
| Total Expenses |
$17,768
|
$4.23
|
| Net Operating Income |
$44,432
|
$10.58
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $62,200 |
| Annual Per SF | $14.81 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $62,200 |
| Annual Per SF | $14.81 |
| Taxes | |
|---|---|
| Annual | $10,500 |
| Annual Per SF | $2.50 |
| Operating Expenses | |
|---|---|
| Annual | $7,268 |
| Annual Per SF | $1.73 |
| Total Expenses | |
|---|---|
| Annual | $17,768 |
| Annual Per SF | $4.23 |
| Net Operating Income | |
|---|---|
| Annual | $44,432 |
| Annual Per SF | $10.58 |
Property Facts
| Price | $519,000 | Apartment Style | Low-Rise |
| Price Per Unit | $129,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 8.60% | Building Size | 4,200 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2026 |
| Zoning | C1 - Commercial | ||
| Price | $519,000 |
| Price Per Unit | $129,750 |
| Sale Type | Investment |
| Cap Rate | 8.60% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 4,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2026 |
| Zoning | C1 - Commercial |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Wi-Fi
- Yard
- Double Pane Windows
- Island Kitchen
- Lawn
- Linen Closet
- Window Coverings
- Large Bedrooms
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | $3,250 | 1,050 - 4,200 |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | E5053-00-003-0026-00 | Total Assessment | $93,600 (2025) |
| Land Assessment | $93,600 (2025) | Annual Taxes | $10,500 ($2.50/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
E5053-00-003-0026-00
Land Assessment
$93,600 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$93,600 (2025)
Annual Taxes
$10,500 ($2.50/SF)
Tax Year
2026
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Luxury Fourplex in gated community | 3800 Ventura Ave
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