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Updated over 4 years ago on . Most recent reply
Cost to build multifamily
Hi All,
One of the deals I am looking at is a multifamily with a vacant piece of land around 70'x150'. I am thinking about building some additional units in that area (I am thinking I should be able to get atleast 6x 1B/1Ba + 2x Studios in there, if not more).
If I build one or more 2 floor building, how much can I expect to cost? (Think C+/B- units). I know it is tough to give good numbers, but indicators will do. This is in Phoenix, AZ.
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Todd Dexheimer
#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
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Todd Dexheimer#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
Hard to build in a C class area without getting government funding of some sort. As for building costs - I would expect $150-$250/sqft