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Updated over 1 year ago on . Most recent reply
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Costs to build 5 duplexes
I have an opportunity to purchase land currently zoned and approved for 5 duplexes (or 8 SF). It is 3 miles from a university and I am thinking of building student rentals, (doing the 5 duplex option). My commercial lender has funded a similar project in the same town. 4 bedrooms each side, with porches and garages at $170/SF. Does this sound like the cost for an investor like me to build and hire a GC, or does it sound like a GC's cost who is building/GCing it himself without a markup added? I want to have a general idea before meeting with contractors in case this is $50/SF under what I would have to pay to hire a GC, because if so it may knock me out of the deal. Hopefully I am articulating my question clearly. Thanks for your thoughts on this!
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I would consider it, but I would prefer to do it on my own. I just would like to confirm if that $170/sf was accurate for me as an investor or if that is the price of a GC to build it for himself. Thanks for the reply, that may be an option for me to depending on the numbers.