0 Hilltop Dr Springtown, TX 76082
This exceptional 1.23-acre lot, located on Hilltop Drive in Springtown, Texas (zip code 76082), presents a remarkable multifamily development opportunity. Currently zoned for multifamily use, this property offers significant potential for a substantial rental income stream. The expansive lot size allows for the construction of up to 22 units, according to preliminary assessments. Situated in a desirable location within Parker County, this land benefits from convenient access to city services, making it an ideal site for a new multifamily development project. The asking price for this exceptional investment opportunity is $529,000. The property is being offered for sale directly by the owner, eliminating any broker co-op fees. This presents a unique chance to acquire a prime piece of land with high development potential in a thriving Texas community. The property's address is Hilltop Dr, Springtown, TX 76082, and its coordinates are 32.9636859 latitude and -97.672721 longitude. This is a rare opportunity to acquire a large, multifamily-zoned lot in a growing area, offering significant returns for the discerning investor. The absence of existing buildings on the site provides complete flexibility for the design and construction of a new multifamily development tailored to the specific needs and vision of the buyer. This is a truly exceptional opportunity to build a profitable rental portfolio in a prime 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
Similar Nearby for Sale
Similar Nearby for Lease
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.