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Updated over 1 year ago on . Most recent reply

User Stats

7
Posts
5
Votes
Austin Culver
  • New to Real Estate
  • Mcloud, OK
5
Votes |
7
Posts

Metal Multi Family Homes

Austin Culver
  • New to Real Estate
  • Mcloud, OK
Posted

Hello, I have built my own barndominium and just love it. I am new to real estate investing but think it would be super simple to build a multi family house using a metal building for the shell. I found references to a guy in Missouri that built duplexes all in for 60k that are 850 sq foot per side and rent for 625 a month. I believe that is just the price of the structure and no land included but he had 10 or so of them so that land price would be divided up decently. I believe I could get closer to the 800
range per unit but even at 625 the numbers are pretty decent. With a metal building the larger you go the cheaper per sq ft the building is so it would be just as easy to do a triplex or fourplex. Also with concrete stained floors and a metal roof you could "renter proof" one pretty easy and have fewer maintenance costs. Any one else have any ideas or pictures of others with the same concept?

Most Popular Reply

User Stats

7
Posts
5
Votes
Austin Culver
  • New to Real Estate
  • Mcloud, OK
5
Votes |
7
Posts
Austin Culver
  • New to Real Estate
  • Mcloud, OK
Replied

@Russell Cazeault

Well with that mindset nothing new would ever happen! Barndominiums are doable but only recently blowing up across the country. Obviously wouldn’t work in every location across the nation but in more rural areas they are most definitely appealing.

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