Updated about 2 months ago on . Most recent reply
Financial Models for Potentially Developing Land for Multifamily Units in Atlanta
Hello!
We own a duplex that we're renting out in Southwest Atlanta for the past 2 years. One of the biggest appeals for this purchase was the large lot size, 1.66 acres, and the potential to develop in the future. Well the future has arrived and were starting the research process to discover the possibilities. Land development is new to us and this will be huge undertaking. We've done the land survey and a feasibility study that showed it is zoned MR3 and we could potentially build 24-26 units. But I thought the feasibility study was going to give more helpful information that included financial modeling, like projections for costs, ROI, cash flow, funding options, basically give us an complete idea of this cost undertaking. How and where can I get this type of information? Thanks for any suggestions.
EWS