1707 Ulit Ave - Future Ultra Modern - High End STR in 78702

[Nicholas Landis]

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $1
Cash invested: $1

Have torn down the existing 598 sq ft SFR, and will develop a 2 unit project. The front house is going to be 1,951 sq ft 3-story 3 bedroom, 3.5 bathroom plus a dedicated home office, and pool. The back unit will be a 2/2 929 sq ft with separate alley entrance and access.

Estimated completion 05/17/2021

What made you interested in investing in this type of deal?

Love this part of town, and developing infill construction

How did you find this deal and how did you negotiate it?

Found it from my wholesaler Nas B.

How did you finance this deal?

Private money

How did you add value to the deal?

Building a new house

What was the outcome?

In progress