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    1217 Michigan St Alton, TX 78573

    For Sale
    $105,000

    Prime Alton location, build your fourplex!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 8,140.057 square foot lot, located at 1217 S Michigan Street in Alton, Texas (zip code 78573), presents a unique opportunity for investors and developers. The property is part of a new fourplex subdivision on Mile 4 and Conway, encompassing a total of 32 lots. This is a prime location for building a fourplex, given its proximity to numerous amenities and conveniences. Alton Village boasts an excellent location near highly-rated schools, making it an attractive area for families. Residents will also enjoy easy access to a wide variety of popular restaurants, including Whataburger, Chick-fil-A, McDonald's, and Starbucks. For everyday needs, Walmart and H-E-B grocery stores are conveniently located nearby, along with several fitness centers. The asking price for this exceptional lot is $105,000. This represents a compelling investment opportunity in a thriving Texas community. Don't miss the chance to secure your piece of this exciting new development. The property is zoned for multifamily residential use, specifically duplex/triplex/quadruplex construction. This is a turnkey opportunity to capitalize on the growing demand for rental properties in this desirable area. Act quickly, as lots in this subdivision are selling fast.

    Property Features for 1217 Michigan St

    General Information

    Property type
    Multifamily properties

    HighLights

    • New fourplex subdivision with 32 lots located on Mile 4 and Conway.
    • Alton Village location offers build‑to‑suit opportunity for a fourplex.
    • Prime location near schools, major retailers (Walmart, H‑E‑B), and popular restaurants (Whataburger, Chick‑fil‑A, McDonald's, Starbucks), and fitness centers.
    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 Alton location, build your fourplex!
    Where is this multifamily property located?
    The property is located at 1217 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.; Alton Village location offers build-to-suit opportunity for a fourplex.; Prime location near schools, major retailers (Walmart, H-E-B), and popular restaurants (Whataburger, Chick-fil-A, McDonald's, Starbucks), and fitness centers.
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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
    1217 Michigan St Alton, TX 78573
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