What would you pay for a new 4-plex?
in some areas, quality 2-4 family homes are in short supply and high demand. I've been thinking of building 4-plexes to meet this demand.
What would you pay for the following new 4-plex? 4 - 3/2s in a DFW edge city in a good school district. B area. 1125 SF each. 4500 SF total, plus one car garages. Hardie board siding, granite, stainless, vinyl plank, and tile. 9 foot ceilings. Monthly rent of $1100 each. Area has @ 95% occupancy. Property eligible for FHA financing.
How much would you pay?
This is not a solicitation for investment. I'm not there, yet. Just trying to gauge price/demand.