Buying land then building a 4plex in fresno ca
Ive came across a lot for sale $214k its 1/3 acre lot that has approved but expired plans for a 4plex. Each unit is about 1400sf with 3bedrooms 2baths and a garage. It states that 80k in development fees are included in the price for the lot. Also states that the city of fresno will honor all fees paid. Only school fees need to be repaid. So my question is does this seem like a feasible idea as i came to think its about $140 per square feet for this area to build..(could be wrong) so would a construction to perm loan be a good idea?