1414 Michigan St Alton, TX 78573
- Apartment buildings
- 4,190 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1414 Michigan St
- Year built
- 2024
- Property size
- 4,190 SF
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional eight-unit apartment building presents a compelling investment opportunity in the thriving Alton, Texas market. Located on a quiet street in a rapidly growing neighborhood near Conway, this property offers unparalleled privacy for residents. The complex comprises four buildings, each meticulously constructed in 2024, boasting a total of 4,190 square feet on a spacious 9,719.97 square foot lot. The unit mix includes two three-bedroom apartments and two two-bedroom apartments, providing a diverse rental portfolio and maximizing income potential. The three-bedroom units feature a unique layout with two bedrooms on the ground floor and a third bedroom upstairs, enhancing their appeal to a wider range of tenants. This property's strategic location, combined with its modern construction and desirable unit configuration, ensures strong occupancy rates and consistent cash flow. The builder has additional fourplex units available, presenting further expansion possibilities for astute investors seeking to capitalize on this burgeoning market. This is a rare opportunity to acquire a high-performing multifamily asset in a prime location with significant long-term growth potential. The asking price is $525,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alton
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.3274
- Latitude
- 26.2804
