1409 Michigan St Alton, TX 78573
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.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.