For Sale
$4,675,000

817 Michigan St Alton, TX 78573

Four-unit multifamily property, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
127
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.

Highlights

  • Four-unit apartment building in Alton, TX.
  • Located at 817 S Michigan Street, Hidalgo County.
  • Built in 2009, situated on a 9,199.87 sq ft lot.
  • Offered at $4,675,000.
  • Each unit features two bedrooms and 1.5 bathrooms, two covered parking spaces, and a private backyard.

Property Details for 817 Michigan St

Property type
Apartment buildings, Small apartment buildings
Year Built
2009
Buildings
1
Units
4

Location Insight

City
Alton
County
Hidalgo
State
Texas
Latitude
26.280812
Longitude
-98.3276303
817 Michigan St, Alton, Texas

FAQs

What type of property is this?
Apartment building - Four-unit multifamily property, high ROI potential.
Where is the apartment building located?
The property is located at 817 Michigan St Alton, TX.
What is the asking price?
The asking price for this property is $4,675,000.
What are key features of this property?
This property features: Four-unit apartment building in Alton, TX.; Located at 817 S Michigan Street, Hidalgo County.; Built in 2009, situated on a 9,199.87 sq ft lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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817 Michigan St
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