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Property profile & analytics
OFF-MARKET
Land

1321 Michigan St Alton, TX 78573

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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