anyone have experience with doing a new build 4-plex?

[Travis Heppe]

It seems like all the 4-plexes on the market were built >20 years ago.  Is there a good reason for that? Is it still possible to build one today?

Does anyone have any numbers that they can share on what a "typical" new build 4-plex would cost, and how long it would take? I know that there are major regional variations in costs (especially land), and building materials (and labor) are much more expensive than they've historically been, but I'm starting to think that a new build might come out more favorable than an existing structure even so, given that the prices on existing places is so high.

I'd like to build a standard class-B property with 4 large-ish units (1200sf) within commuting distance to downtown Phoenix.  

If that's even possible to do :-/