Cost of developing Multifamily?

[Tom Dittrich]

Is there a good resource for helping to estimate development costs for Medium size multifamily complexes?

I’m sure there is a wide range so for context we are thinking about 3-4 story garden style, pool, workout room, game room. Your modern class A apartment complex.

A ballpark range on a per unit basis would be helpful or a resource to find out more would be great too. Thinking about a development of between 50-100 units in Mt. Pleasant SC.

Thanks

Tom

[Murray Smith]

Hi Tom,

We are doing a 169 unit in Madison, WI.  2 story buildings with clubhouse with workout room, billiards, kitchen, but no pool.  The project is $25 million so about $148,000 a unit.  Feel free to DM me if you want more specific details.

-Murray