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Nat C.
  • Investor
  • Miami, FL
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807
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Floorplan for development project

Nat C.
  • Investor
  • Miami, FL
Posted Aug 4 2014, 23:01

Could I please get some feedback on this floorplan?

This is for a duplex- total sq footage is 3200 sq feet. There is one unit on the ground floor and one unit above it. The reason I bought the property was to be utilized as student housing. It's right next to a university which I was told has a shortage of student housing. One idea was to rent out the rooms to students at $700-$800 (all inclusive). Therefor having more bedrooms is going to have a higher ROI. However in saying so, I don't want to build a bad property with an undesirable floorplan. If the student housing plan doesn't float well, I will rent it out as a regular rental. The area has a strong rental market. My question is, is the floorplan unattractive due to the small lounge room and living area size? You can see in the images that there is only 1 bathroom and a small lounge area for 4 bedrooms. Is this impractical? What about perhaps just making the 4th bedroom a lot small to enlarge the living area?

Feedback and thoughts appreciated!

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