1309 Michigan St Alton, TX 78573
This exceptional 8,140.057 square foot lot presents a remarkable opportunity for development in the thriving Alton Village, Texas. Located at 1309 S Michigan Street, Alton, TX 78573, this property is part of a new fourplex subdivision on Mile 4 and Conway, encompassing 32 lots. The strategic location offers convenient access to multiple schools and a variety of popular restaurants, ensuring high demand and strong rental potential. The asking price for this prime development parcel is $105,000. This is a turnkey opportunity to capitalize on the growing Alton Village market. The property is zoned for multifamily residential use, specifically allowing for the construction of a fourplex building. Buyers are responsible for all necessary permits and construction costs. This represents a unique chance to build and own a profitable multi-family investment property in a desirable location with established infrastructure and amenities. Don't miss this chance to secure your piece of Alton Village's burgeoning real estate market. Act quickly, as lots in this subdivision are selling fast. The coordinates for this property are 26.2803919 latitude and -98.3274518 longitude. This property is situated in Hidalgo County.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.