Multifamily Construction- Fourplex

[Forrest Holt]

I’m wondering if anyone on here is building small multifamily? 

My hometown outside of Houston has been growing for the past ten years and is going to grow even more when a major highway is complete. There are 3 small apartment complexes here but very few other multifamily renting options. 

Can anyone’s help with the average cost per square foot to build a four plex?

Is this a horrible idea?

[Susan Maneck]

Originally posted by @Jeffrey Nordin:

@Nicholas Miller, it's in Texas

It's all relative, of course but the basic premise remains. Texas is one of the few places that still builds starter homes, you can't even really find them here in CA, the cost to break ground is too prohibitively expensive.

While SA corridor is no desert, it's certainly not constrained by space or forest or old service lines like a New England or urban CA city.

Relative to many places, Texas has abundant cheap land, which is still desirable unlike abundant cheap land in Mississippi, for example. No disrespect, but the jobs aren't flooding into that locale.

 A starter home in California is called a condo. ;-) Jobs aren't flooding into Mississippi but there is a nice trickle right now. Unemployment is at 4.6% which is phenomenal for Mississippi. A tire factory is being built near where I live. But at least here in Jackson, there are still plenty of existing housing available, so building new units doesn't make much sense.