New Construction Apartments

[Ben Mosier]

I have a piece of property that is has already been rezoned R3 that I intend to build apartments on. The land will allow for 30 units based on the zoning requirements. I am considering building townhome style units. I’d like other opinions on wether I should build one of two options.

1. 3 bedroom 2.5 bath 1500 sq ft 1 car garage. Would need to rent for around $1800-2000 a month

2. 2 bedroom 1.5 bath, 950-1100 sq ft no garage. Would rent for $1100-1250

The 30 units would be made up 5 separate buildings. Maybe should do a mixture of both. Anything else I should consider building a new apartment community?