1209 Michigan St Alton, TX 78573
This exceptional 8,140.057 square foot lot, located at 1209 S Michigan Street in Alton, Texas (zip code 78573), presents a unique investment opportunity. Priced at $105,000, this property is part of a new fourplex subdivision on Mile 4 and Conway, encompassing a total of 32 lots. The land is zoned for multifamily residential development, specifically allowing for the construction of a fourplex building. Alton Village boasts a highly convenient location, providing easy access to a variety of amenities. Residents will enjoy proximity to several schools, popular restaurants including Whataburger, Chick-fil-A, McDonald's, and Starbucks, as well as major retailers such as Walmart and H-E-B. Local fitness centers are also within easy reach. This prime location and the opportunity to build a new fourplex make this an attractive proposition for investors seeking strong returns in a thriving community. The lot's size offers ample space for a substantial fourplex development, catering to the growing demand for rental properties in the area. Don't miss this chance to capitalize on the potential of this exceptional Alton, Texas property. Act quickly, as opportunities like this are rare.
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
Similar Nearby for Sale
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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.