Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago, 04/27/2021

User Stats

285
Posts
109
Votes
Jonathan Orr
  • Developer
  • Boise ID
109
Votes |
285
Posts

Phoenix AZ Multifamily development feedback

Jonathan Orr
  • Developer
  • Boise ID
Posted
Hi BP, looking to speak with someone (architect, developer, contractor, broker/agent).  I have a mixed use development in the East Valley that was brought to me.  I have not developed MF in Phoenix Arizona so looking to get some feedback on if I am on the right track for costing. I want to get a better idea on if I am over estimating since I primarily work in CA with some ridiculous Construction numbers
This is very early in the project so just looking for proforma numbers, nothing concrete.
Project description:
Flat lot
Units 250-300 units (multiple buildings) (~230,000 sq ft in total)
Type V construction 3 story walk up
Surface parked with some covered parking
Utilities stubbed to property line
Flat roof
Some amenities (pool, clubhouse, etc...)

For hard construction only I am estimating around $135/SF
Roughly $200k for site work

Any help is appreciated.

Loading replies...