Multi-family New Construction BRRRR?

[Chidiebere Iwuoha Jr]

Hey guys, I’m looking to help my family develop a piece of land we’ve had for sale for a couple years and hasn’t sold in Anchorage, Alaska. I’d like to out a triplex or a 4plex on it to keep as a rental long term. 

Land value is around 9,000sqft. Worth around $76,000.

We will have around a $250k heloc if needed, $100k in cash, and pretty much own the land outright ($76k in equity). I have a strong income and should be able to qualify for a construction loan as well.

Issues currently:

-The piece of land doesn’t have utilities (so we’d need to bring in utilities / put in well and septic).

-I don’t know much about new construction, only have experience with my own 4plex I got a couple years ago.

1. where should I start?

2. Are there other options I could consider? What would be the best investment move considering the assets we have available?

Thanks in advance!