Updated over 5 years ago on . Most recent reply
New Apartment Construction
i was wondering what people thought of the best unit mix for new apartment construction? on the one hand, the smaller the units (studio and 1 bed) the higher the price per square foot for rent. on the other, the larger units (2 bed+) have longer tenancy but lower per sf rents. when turnover and vacancy costs are factored in, which units maximize profits?
i am looking at building a 30 unit apartment.
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I am looking to do the same thing. I am building 20 minutes outside of the city and I am building 2/1-50% and 3/2-50%. I am building them with land at $100 SQFT . Single story Buildings 6 units per building.