2Acre Lot, Multi-Family Build?

[Ed Long]

Hello,
I have a 2AC piece of property that is properly zoned and I believe perfect for a multi-unit in Greenville SC. I currently own multi-units but have NEVER BUILT. After speaking with a few local agents/builders, I'm not sure of the 'quality' of information. I'm looking at 1-2 bedroom units with a rent in the $750/mo range. I have some background, conducted enviro studies, know the set backs, retention ponds, city utility connections, spoke with the town planner etc. What I don't have a good feel on is the TOTAL cost of the build from the parking lot / landscaping up - understand it varies on a bunch of factors. All my current math shows that the ROI is not there, yet I see these being built all the time.


I'm looking for some consultation from a neutral third party around total building costs.