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    1309 Michigan St Alton, TX 78573

    For Sale
    $105,000

    Prime Texas land, build your fourplex!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 8,140.057 square foot lot presents a remarkable opportunity for development in the thriving Alton Village, Texas. Located at 1309 S Michigan Street, Alton, TX 78573, this property is part of a new fourplex subdivision on Mile 4 and Conway, encompassing 32 lots. The strategic location offers convenient access to multiple schools and a variety of popular restaurants, ensuring high demand and strong rental potential. The asking price for this prime development parcel is $105,000. This is a turnkey opportunity to capitalize on the growing Alton Village market. The property is zoned for multifamily residential use, specifically allowing for the construction of a fourplex building. Buyers are responsible for all necessary permits and construction costs. This represents a unique chance to build and own a profitable multi-family investment property in a desirable location with established infrastructure and amenities. Don't miss this chance to secure your piece of Alton Village's burgeoning real estate market. Act quickly, as lots in this subdivision are selling fast. The coordinates for this property are 26.2803919 latitude and -98.3274518 longitude. This property is situated in Hidalgo County.

    Property Features for 1309 Michigan St

    General Information

    Property type
    Multifamily properties

    HighLights

    • New fourplex subdivision with 32 lots located on Mile 4 and Conway.
    • Build your fourplex today in Alton Village, TX.
    • Alton Village offers convenient access to schools and restaurants.
    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

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    FAQs

    What type of property is this?
    Multifamily property - Prime Texas land, build your fourplex!
    Where is this multifamily property located?
    The property is located at 1309 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: New fourplex subdivision with 32 lots located on Mile 4 and Conway.; Build your fourplex today in Alton Village, TX.; Alton Village offers convenient access to schools and restaurants.
    Request Owner's contact information
    1309 Michigan St Alton, TX 78573
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    Alton, TX 78573
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    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
    1309 Michigan St Alton, TX 78573
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