Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1321 Michigan St Alton, TX 78573

    For Sale
    $105,000

    Build your dream fourplex in prime Alton location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 8,140 sq ft lot, located at 1321 S Michigan Street in Alton, Texas (zip code 78573), presents a unique opportunity to develop a fourplex within a new subdivision. The property is part of a 32-lot subdivision situated on Mile 4 and Conway, offering convenient access to a variety of amenities. Alton Village boasts a highly desirable location near several schools, ensuring a strong potential tenant pool. The area also features an abundance of popular restaurants, including Whataburger, Chick-fil-A, McDonald's, and Starbucks, along with major retailers like Walmart and H-E-B, and local fitness centers. This is an ideal investment opportunity for those seeking to capitalize on the growing demand for rental properties in a thriving community. The asking price for this land is $105,000. The property is zoned for multifamily residential use, specifically duplex/triplex/quadruplex construction. Don't miss this chance to build your fourplex in a vibrant and convenient location.

    Property Features for 1321 Michigan St

    General Information

    Property type
    Multifamily properties

    HighLights

    • $105,000 asking price for a multifamily property.
    • 8,140 sq ft lot.
    • New fourplex subdivision with 32 lots.
    • Build your fourplex in Alton Village.
    • Excellent location near schools, popular restaurants, Walmart, H‑E‑B, and gyms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3274518
    Latitude
    26.2803919

    Nearby Similar for Sale

    • $1,325,000
      12,896 SF

      Alton Multifamily Investment Opportunity

      14-unit apartment complex on 0.83 acres near schools and shopping.
      1503 W St Francis Ave, Alton, TX 78573
      View Details
    • $290,000
      2,560 SF

      Edinburg Multifamily Investment Opportunity

      Multifamily property with four apartments on a half-acre lot.
      7102 Mile 22 1/2, Alton, TX 78542
      View Details
    • $2,203,586
      6,783 SF

      Alton Plaza Retail Property

      Retail property in Alton, TX with strong growth potential.
      301 N Alton Blvd, Alton, TX
      View Details
    • $520,000
      4,032 SF

      Alton, TX Quadruplex For Sale

      Quadruplex in gated community with modern open concept floor plans.
      1009 Sunset Vly St, Alton, TX 78573
      View Details
    • $800,000
      1,500 SF

      Alton Commercial Property - Huge Potential

      Prime Alton location, 1.96 acres, owner financing.
      708 Main Ave, Alton, TX 78573
      View Details
    • $215,000
      1,550 SF

      Alton Commercial Building - Prime Location

      High-traffic, city-approved commercial space.
      130 Main Ave, Alton, TX 78573
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Build your dream fourplex in prime Alton location.
    Where is this multifamily property located?
    The property is located at 1321 Michigan St Alton, TX.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: $105,000 asking price for a multifamily property.; 8,140 sq ft lot.; New fourplex subdivision with 32 lots.
    Request Owner's contact information
    1321 Michigan St Alton, TX 78573
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1321 Michigan St
    Alton, TX 78573
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1321 Michigan St Alton, TX 78573
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.