Tbd.. Hilltop Dr Springtown, TX 76082
This exceptional 0.47-acre lot presents a unique investment opportunity in Springtown, TX, located on Hilltop Drive. The property's current zoning is designated for multifamily use. It's important to note that, according to deed restrictions, the city of Springtown will not permit zoning changes or variances. This means the property is ideally suited for projects that align with the existing multifamily zoning designation. The land offers significant potential for developers seeking to build multifamily residential units within the established framework of the current zoning regulations. Given the limited availability of land zoned for multifamily development in this area, this 0.47-acre parcel represents a rare and valuable asset. Prospective buyers should be aware of and fully understand the existing zoning restrictions before making an offer. The property is being offered at $150,000. The exact address is TBD Hilltop Drive, Springtown, TX. Serious inquiries only. All information is deemed reliable but not guaranteed.
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.