Multi-Family (Duplex, Triplex, Fourplex)

[Nate Weddle]

Hi All,

I am looking to develop multi-family properties in the Phoenix, AZ area. Currently I am in the due diligence stage and looking to get estimates of what it costs to build per square foot. I am planning the structures to be low-end to mid-end

duplexes, triplexes or fourplexes that have a unit size of 900 square feet to 1,000 square.

Any input is appreciated.

[Aaron K.]

Ask contractors, most investors will have a trusted contractor that they will hold onto for dear life because they do quality and affordable work, you will need to find that person who has experience building multifamily properties.  You will likely get a lot of high bids, but eventually you should come across someone that has a bid significantly lower than the average retail contractor and can show you examples of their work.  I wish you the best of luck.  If I had to guess though I'd say about $100 a square foot maybe a bit more, not including land