New Build Duplex, Johnston County

[Jeff Williams]

Asking from a General Contractor stand point…..is there a premium to be made selling brand new build Duplexes, in town limits of Johnston County NC? Specifically 3 bed, 2 bath, side by side units, two story with the town house look, with a single car garage. Given that there are recent townhomes that have been built and sold in the area, between 240K-265K, I am wondering if I were to build a duplex, if it should sell for 500,000 or more? (And BTW, half those townhomes have sold to investors.) I know that's not a real estate investment strategy, but I have been building to sell, since the market has been so good and I have available lots that will allow me to build a duplex. I have been building SFH, but since I have some lots that allow Duplexes, I figure that is the highest and best use of the property. And if I were to personally go out shopping for NEW duplexes, there is none to be found in my area. So I might have a niche. Want your feedback. (FYI, I am not building to hold these due to needing to raise more capital, and the market is so good right now)