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Updated over 3 years ago on . Most recent reply

User Stats

101
Posts
72
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Johnny McKeon
  • Rental Property Investor
  • Mesa, AZ
72
Votes |
101
Posts

Multi-family development..LOST in the Sauce!🥴

Johnny McKeon
  • Rental Property Investor
  • Mesa, AZ
Posted

Hey BP 👋

 I have 0.98 acres zoned for multi family in Apache Junction, AZ.
the city says up to 22 units on 1-acre can be built. i also own the adjacent 6-unit apartment building. One of the Principal Planners for the city said I could possibly combine the 2 parcels to get over 1 acre.

also, a local owner just Built a 10-unit apartment building across the street from me so that's a good sign.

I want to develop apartments but

Where do I even begin and start? 

who do I go to 1st? An architect or a general contractor? or someone else?

I don't even know if this is financially feasible to develop. 

How or who can I get a rough idea of what  My total All-in costs will be?

my experience is buying existing apartment buildings and adding value thru renovations .
 If you need me to clarify any questions let me know 

Thank you for the help & guidance! i really appreciate it 🙏

  • Johnny McKeon
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