817 Michigan St Alton, TX 78573
This exceptional investment opportunity presents a four-unit apartment building located at 817 S Michigan Street, Alton, TX 78573, within Hidalgo County. Built in 2009, this single-building property sits on a substantial 9,199.87 square foot lot. The property is currently offered for sale by owner at $4,675,000. Each of the four units boasts two bedrooms and one and a half bathrooms, providing comfortable living spaces for tenants. Further enhancing tenant appeal are two assigned covered parking spaces per unit and a generous private backyard for each. The property's strong rental income potential is underscored by its solid construction and desirable features. This multifamily investment is ideally suited for discerning investors seeking a well-maintained, income-generating asset in a growing Texas market. The property's location in Alton, TX offers convenient access to local amenities and services, contributing to its overall attractiveness and potential for long-term appreciation. This is a turnkey opportunity to acquire a profitable multifamily property with immediate income generation. The property's details are readily available upon request.
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
Similar Nearby for Lease
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.