Off Market multifamily development opportunity in Austin, Texas

[Nathan Cron]

Amazing OFF MARKET multi-unit condo development! This property is raw land but comes with everything you would need to break ground immediately! Includes all permits, surveys, impact fees are paid, construction budget, builder in place, building sketches, architectural drawings, site plan, tree surveys and any thing else you would need. This is a turn key development project just waiting for the right developer! It is currently platted as a 55 unit condo complex. 40 units are 2 bedroom 2.5 bath. 15 units are 3 bedroom 2.5 bath. This is a 4-5 phase project with the units projected to sell on a weekly basis based on surrounding projects. The property is a little over 4.14 acres and the buildings are estimated to be around 80,000 sq ft total. Purchase price is 2,900,000 and an all in cost around $145 a foot. Based comps this project could bring in over 19 million gross. Contact me now for more information as well as all documentation mentioned above. Thanks! 830-377-4044