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Updated over 2 years ago on . Most recent reply

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Mike Morrell
  • Real Estate Agent
  • Fort Mill, SC
3
Votes |
38
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What to build? Duplex? Triplex? Quadplex?

Mike Morrell
  • Real Estate Agent
  • Fort Mill, SC
Posted

I purchased some land last year in Rock Hill, SC that I am building my personal home on, and I was also able to subdivide off 4 one acre lots. The zoning on these lots allows for SFH, Duplex, Tri, or Quad and I was thinking about building to rent. I've got a blank slate here and just looking for some guidance. I'll have city water, but I'll have to put in a septic. My initial thought is quadplexes - more doors, lower $/door to build, more rental income.

Is there anything that I'm not considering?

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4
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6
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Tiffany DeTiege
  • Investor
  • Portsmouth, VA
6
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4
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Tiffany DeTiege
  • Investor
  • Portsmouth, VA
Replied

Do you really want to live next to sixteen renters? SOMETHINGS ARE NOT WORTH THE MONEY. But I would definitely do this, If these are going to be high end units or your are going to pay a property manager. Have you considered townhouses with a single car garage. For each unit. You also want to think about value if you ever decide to sale.

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