Build & Hold in Denver, Colorado

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We're looking at a deal we have under contract as a possible build and hold. What price / SF are you seeing for rental grade new construction in Denver? Do you know anyone who is actively using this strategy in Denver, or anyone who has done it in the past?

Details about the property:

Duplex lot, approximately 1400 finished square feet per side, so 2800-3000 finished SF total. E-TU-C zoning - the property is Urban Edge, but in an area where there are other rental grade scrapes occurring. I'll be visiting active job sites this week.