Prime Austin Location

Location:

Located in San Antonio: This land is in a thriving part of San Antonio, known for its dynamic growth and increasing property values.

Land and Development Overview:

  • Land Area: 2.17 acres of prime land.
  • Land Cost: Estimated at $1 million, presenting an accessible entry point for real estate investors.

Engineering and Construction:

  • Engineering Cost: $100,000 encompasses the necessary design and civil engineering work.

Units & Structures:

  • Residential Units: 9 units totaling 18,000 sq ft, each residential unit spanning 2,000 sq ft. These spacious homes cater to the growing demand for modern, comfortable living spaces in the area.
  • Construction Cost: $5 million for residential units at $20K/sq ft.

Comps:

  • In a two-mile radius, the market offers the following price points:
  • Shell structures average around $420/sq ft.
  • Complete homes average around $500/sq ft.

Timeline and Development Stages:

  • Estimated Land Purchase Date: Set for the end of May.
  • Engineering Due Diligence: Due 120 days after closing (includes engineering and permit acquisition).
  • Construction Timeline: Estimated between 14 to 32 months.

Financing and Investment:

  • Return on Investment: The project presents an excellent opportunity for financial returns, given the rising demand for residential properties in the area.

Advantages and Opportunities:

  • Hold Time: Investors can hold the property until all units are sold to maximize returns.
  • Nearby Amenities:
    • Close to major retailers like Starbucks, drawing customers and foot traffic to the area.
    • Presence of popular fast food chains like McDonald’s.
    • Proximity to healthcare facilities such as a trauma center within two years.
  • Other nearby attractions include the University of Health and the largest Toyota plant with 20,000 employees, which drives demand for housing in the area.
  • Market Demand: The area’s rapid development and growth in population ensure consistent demand for new housing.

Risks and Considerations:

  • Minimal Risk: The project has no significant risks noted.

Additional Highlights:

  • Strategic Location: Positioned in a highly desirable part of San Antonio, the land benefits from the city’s robust economy and growing population.
  • Community Growth: The project’s surroundings include planned development such as new retail stores, healthcare facilities, and business establishments, further boosting the appeal of the residential units.
  • Resilient Real Estate Market: San Antonio’s strong and stable real estate market offers secure investment potential.
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The Plan

Check our apartment plan

Total area

2800 sqft

Floor no.

9th

Current status

avaiable

No.of rooms

04

Parking available

yes

Swimming pool

yes

Price from

$4500

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