Build a Modular fourplex vs duplex

[Jim Peterson]

Hello Everyone.

I have been interested in buying and holding multi family units in my area but I am having trouble finding properties. As an alternative I am looking to build. Modular will be my choice of construction due to a number of factors. My longer term goal is to own larger multi, but for now I would like to focus on the 2 to 4 units per location and stay under the commercial radar.

My question is for those that own in this space would you prefer / recommend building a duplex with 2bd / 2 bath per unit, or a fourplex with 1bd / 1 bath per unit? The fourplex / quad will turn more cash, but is there a bigger downside other than a higher turnover?

Thanks for your comments and recommendations.

Jim

[Forrest Shealy]

I am venturing into new construction for the same reasons. I am currently in the process of rezoning my first commercial build. The rezoning process, where I am, has been straightforward but time consuming. There are 7 public hearings over 7 months, but as long as the city planner and neighbors are ok with the rezoning, it seems to be a long formality. Getting public utilities on the other hand, can be very confusing, time consuming, and expensive (even if every lot around you already has utilities). Next time, I will pay more for land that already has the proper access to utilities.