Property profile

0 Hilltop Dr Springtown, TX 76082

OFF-MARKET
Residential income homes
1.23 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Residential income homes
Lot 1.23 ac (53,579 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Hilltop Dr Springtown, TX 76082
Springtown metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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