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Updated over 3 years ago on . Most recent reply
Best Metro area in Florida for new Multifamily construction ?
Hello,
We have been Building some Multifamily out west for few years mainly NM , Tx area 4plexes and 30 units or less/Type A complex and students housing/apartments near major universities 20k plus students.
I Would like to expand into Florida region somewhere near the major metro Areas ( Orlando, Tampa , Miami, Jacksonville), would like to get some feedback from other investors/ builder in the state and which area is worth looking into to build few 4 plexus to start and which city , I have notice there are few lots are still available for somewhat reasonable price still ( i think), what price per sqft the rent is going for in the area for new build ? building cost for single story 2 beds, 1bath ,2 or 1 car garage unit example our area ( between $100-$125 sqft /current lumber prices ) cost of building (not include land) of 4 plex, rent is about average of $1 per sqft/M
Any feedback is much appreciated