Location:

Situated in San Antonio: This land is located in one of the most vibrant and rapidly growing cities in Texas, providing an ideal setting for real estate investment.

Land and Development Overview:

• Land Area:

  2.98 acres of strategically positioned land.

• Land Cost:

  Estimated at $1.2 million, with a plan to acquire it for $1 million. This presents an excellent opportunity for a lower entry cost.

Engineering and Construction:

• Engineering Cost:

  $100,000 covers comprehensive design and civil engineering plans.

• Units & Structures:

  • Residential Units:

    10 spacious residential units, each approximately 2,000 sq ft, catering to the demand for comfortable and modern housing.

  • Gas Station:

    Construction of a gas station alongside residential development, providing dual income streams and convenience for the local community.

• Construction Cost:

  • $5.2 million for residential units at $20K/sq ft.
  • $2.7 million for the gas station (10% of total construction cost).

Comps:

Similar properties in the area have sold for around $800,000, indicating a strong market demand and the potential for competitive pricing.

Timeline and Development Stages:

• Estimated Land Purchase Date: Targeting May 4th for land acquisition.
• Engineering Due Diligence: Scheduled for completion 120 days after closing (includes engineering and permit processes).
• Construction Timeline: Estimated construction duration is 16-36 months for the residential units, with the gas station being developed concurrently.

Return on Investment:

Projected ROI: 78% potential return on investment, making this an attractive option for investors seeking strong financial gains.

Financing Options:

Bank Financing: Up to $3.5 million in financing available, providing support for the development phase.

Advantages and Development Opportunities:

• Hold Time: Investors can hold the property until all units are sold, ensuring maximum return on investment.
• Nearby Surroundings: Within a one-mile radius, there are 3,400 housing permits, large apartment complexes, and a big subdivision, indicating significant growth in the area.
• Market Potential: The project offers both residential and commercial income streams, broadening the scope for returns and community engagement.

Risks:

Sewer Placement: The sewer system is on the opposite side of the land, which may require additional planning and infrastructure.

Additional Benefits:

• Community Engagement: The inclusion of a gas station in the development provides convenience for residents and surrounding businesses, enhancing the overall value of the project.
• Market Demand: San Antonio’s growing population and economy ensure a consistent demand for housing and commercial services.
• Connectivity: The project’s location offers access to key roads and highways, enhancing the appeal for residents and businesses.