how many homes can you put up in approximately 4 acres - Phoenix

Question

Plan to buy approximately 4 acres in Phoenix Az to develop median range homes - 1500 - 1800 sq ft - correctly priced - NW valley

Can someone shed some light on this - cost of construction per sft and average sale price - so I can work out the basics / profitability / feasibility

Jay Hinrichs · Answer

way to broad of a question who knows.. you never know till you try and work with the city and your consultants.. certainly can't make any decisions asking hte internet folks thats pure folly

Justin Colby · Answer

@Simar Chahal I have been flipping homes in PHX since 2007 and took on a 79 unit ground up development in 2014...Let me know if you want to chat. Shoot me a message

Simar Chahal · Answer

Am waiting on more details - it is zoned R3

Ray Johnson · Answer

@Simar Chahal there are so many variable that go into the question you just asked, the first being what is the zoning for the area where the land in located? Are you doing attached homes, detached homes, single level, two-level, tri-level, etc....

What utilities, sewer, electrical, and other infrastructure is already in place that will be reducing your cost construction cost? Are you purchasing already designed plans or hiring an Architectural and Engineering (A&E) firm to create them for you?

As you see this can go on for a while based on your question so as @Jay Hinrichs and @Jay Dewberry pointed out your broad question will need to be a little refined if you're asking the BP community for detailed input.

Jay Dewberry · Answer

I suppose that would depend on the layout and residential builders requirements for land development. I know he isn't in AZ, but @Jay Hinrichs is a BP member and is a developer. Perhaps you can gain some insight from him. Just thoughts.

how many homes can you put up in approximately 4 acres - Phoenix

how many homes can you put up in approximately 4 acres - Phoenix

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