1321 Michigan St Alton, TX 78573
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.
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
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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.