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Updated about 4 years ago,
2021 Prefab duplex construction costs
Hey BP folks,
So I am looking to get a large parcel (30 acres total) under contract for around 5k per acre, and thinking that it could make sense to try and build ranch style side by side, prefab duplexes. 2 bed, 1 bath, 850 square feet on each side, $900 monthly rent.
I have read a lot of threads on here regarding this topic, but seems like there is not a general consensus on if the multi family prefab model makes financial sense. I presume it's because it all depends on land costs, development/ utility connect costs, and rent comps.
My question is, if you take the above 3 cost elements out of the equation entirely, is there a standard cost per square foot anyone in this space is currently seeing, for just the landed construction costs only? And is there a key manufacturer who seems to be the most cost competitive in this space?
I think this area is only going to grow in the future, but wondering if we are still a ways out in terms of manufacturing efficiencies.
Thanks in advance!!