Looking into development of student housing on a smaller scale.

[Adam Beckstetdt]

I am in the process of researching development of student housing on some lots that I own right by a major private college. They have a big need for good quality housing. I am looking for some great resources and people that could help me in my research. While I think that purchasing a nonperforming property would be better the deals are few and far in between right now and I have land that I can develop on.

I am looking to build 25-30 bedrooms. This can be as SFH, Duplex, Triplex, etc. The land is zoned C3 if that helps. I am told by the planning department that I can build up to triplexs however I beleive that they would be open to rezoning in this area.

I have talked with an architect, someone at the school, and several other people locally but I'd like to get some more info. I am researching grants which seems to be a task in itself. Apparently it is very hard to get knowledge on this subject. I have found a few local possibilities on the grant front but I know that there are also state, federal, and private grants available.

Thank you for taking time. I very much appreciate any and all help you can give.

Adam Beckstedt

[Jay Hinrichs]

I looked at some of this type of housing in Hattisburg MS  a while back I thought this was a cool plan these were new.

house was a basic rectangle.. came in the front door kitchen to the right galley style  then you had a great room

off of the great room there were 4 doors 2 on each side leading straight into bedrooms that also had private baths and closets.. so each student had their own space.. central area for TV and social and one kitchen and table to eat on.

Very basic design easy to build.. and these had scored concrete floors so little more to build but no replacing carpet when beer bongs spill over.. :)  no carpet at all in the house.

Just have to put a few more toilets and showers in.. 

Rooms rented at that time I think for 500 per.. bet you could build one for about 150k to 200k easy and in cheap to build areas even less.