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Updated about 5 years ago,
Whats the cost to build a 6-8 unit/2br2ba building?
I’m way out in a small town in Kansas but there is no new construction homes or apartments. I’m thinking of trying a 6-plex to see how a commercial development would go. Land would be inexpensive but I have no way of knowing expected construction costs for a medium B+ to A facility. I’d like it to be closer to luxury than a section 8 property. Thinking of making all 2BR / 2Ba but not sure. House rents are only 600-1400 and I don’t want to over lux it and not make anything. I can get 85% financing but I’m sure I need surveys, architects, builders, and so much I just don’t know. I have 7 sfr’s in town, a laundromat and loft space. Not looking to consider this until 2021, but I need perspective ;)