1414 Michigan St Alton, TX 78573
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.
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.