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Property profile & analytics
OFF-MARKET
Land

1209 Michigan St Alton, TX 78573

Property ID
Property summary
AI-generated overview

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.

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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