Multi family market study

[Andrew Caldieraro]

Hello, I’m looking to possibly build a cookie-cutter/basic, small apartment complex (10-20 units, one level, no basements, etc.) in a local town. The cost of living and the population is fairly low (5000 people in the town), so I’d like to have a basic market study done to help verify that there is a need for this. Any suggestions on who I should be looking at for a market study? Can I do this basic research myself (there are only 8 units of apartments in the whole town, all of which are full)? Is a market study needed for this? I appreciate your help!