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Property profile & analytics
OFF-MARKET
Land

1309 Michigan St Alton, TX 78573

Property ID
Property summary
AI-generated overview

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.

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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