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Property profile & analytics
OFF-MARKET
Small apartment buildings

1409 Michigan St Alton, TX 78573

4,012 SF Built 2024
Property ID
US83-3764158
Property summary
AI-generated overview

This exceptional investment opportunity presents a brand-new, four-unit multifamily property in the desirable Alton Village subdivision of Alton, Texas. Completed in 2024, this property boasts a total of 4,012 square feet across two buildings situated on a generous 9,718.236 square foot lot. The property consists of two distinct units within each building. One unit in each building offers 2 bedrooms and 2 bathrooms, while the other unit in each building provides 3 bedrooms and 2 bathrooms. All units are equipped with modern kitchen appliances and in-unit washer and dryer hookups, enhancing their appeal to tenants. This property represents a turnkey investment opportunity, ideal for adding to an existing portfolio or for first-time multifamily investors. The strategic location in Alton Village offers strong potential for rental income and appreciation. The asking price is $499,000. Further photos will be available soon. This is a rare chance to acquire a newly constructed, high-quality multifamily property in a growing Texas market. Don't miss this chance to secure a profitable addition to your investment holdings.

Property profile
Verified
Property type Small apartment buildings
Year built 2024
Total area 4,012 SF
UPID US83-3764158
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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