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Property profile & analytics
OFF-MARKET
Land

1217 Michigan St Alton, TX 78573

Property ID
Property summary
AI-generated overview

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 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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