Building Multifamily in Tacoma,Washington

[Prasad J.]

Is buying land and building multifamily ( duplexes, 4 plexes) in South Tacoma(Washington) area worth it.  The basic construction costs in the area are around 85$/sq ft , on top of it there is the permits, cost to bring utilities etc.  Any investors building in this market? Would love to hear your thoughts 

Tag: Tacoma, Puyallup, Sumner, Washington

[Rudy Manna]

Yes, I think its worth it, if you can get the land at a reasonable cost. From long term perspective a brand new building is superior investment due to lower maintenance and higher liquidity (should be lot easy to sell) . Something I am considering this year. Having good success with BRRRR in the area, hence new construction is getting delayed.