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Updated 10 months ago on . Most recent reply

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Advice needed on selling multifamily project

Dennis Nikolaev
Posted

Hello, I started a project 2 miles east of downtown San Antonio. I own the land, I got it zoned for multifamily and I got the plans, elevations, renderings worked out. 

It has one STR penthouse (5 bdrm 4 bath with 3000 sf roof terrace), plus 5 duplex units (Each duplex is two 3 bdrm 2 bath). 22 parking spaces. There is also a common use roof terrace of another 3000 sf.
I got into a mess with my other investments so now I have to exit the project to get cash.

I'd hate to sell it as an empty lot. What would you do in my place?

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