Updated over 8 years ago on . Most recent reply
No one builds small multi family anymore, 6,8 & 12 units etc...
I am sure there is a something I am missing but it seems to me that no builders are constructing small multi family anymore! Here in Houston there are HUGE apartments going up everywhere but they are all Class A and overpriced while the entry level, bread & butter renter has only outdated 2-4 plexes built from the 50-70's...
What are your thoughts...
Most Popular Reply
@Tyron McDaniel, depending on the location, the cost of construction can be very prohibitive to what makes sense to build. Ground up construction for a B class asset vs. A does not have that much of a gap in cost. For it to make economic sense (in most cases) if you are building new it really needs to be Class A.