Building Duplex/Multi-family for investment

[175gr7.62]

Had anyone built a duplex or multi-family townhouse for an investment property? I have a 1 ac section of my property that is next to the road and it’s just an outlier piece sticking out that is only good for mowing.

Thought about building 1 or 2 duplex’s/townhouses. Can you expect about the same build cost/SF for a duplex as a regular home?


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[HOOKNBULLET2]

My neighbor builds them for a living. He buys raw land, develops, builds, and sells them.

The cost is roughly the same as single family. The problem is with city/county regulations.

It has taken him 3 years in Guadalupe county to get all the approvals required for one project that was already zoned for duplexes.

[bowhuntertx]

I would think long and hard and about building a multi family residence on a property you are living on. I own multiple rentals and wouldn’t want to live on the same property as the tenants. I got where it won’t manage them due to dealing with things that come up, and that is being a phone call away. I can’t imagine the visits you’d get when living a short walk away
To answer your question, the building cost is the same.


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[175gr7.62]

I would think long and hard and about building a multi family residence on a property you are living on. I own multiple rentals and wouldn’t want to live on the same property as the tenants. I got where it won’t manage them due to dealing with things that come up, and that is being a phone call away. I can’t imagine the visits you’d get when living a short walk away
To answer your question, the building cost is the same.


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I already have 2 single family rentals on my property. This would be about 3/4 mile from my house.


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[BTLowry]

On 1 ac build a quadplex. By the time you make room for parking there will be little grass to maintain

[tps7742]

Building to sale may be the way to go but rental properties have taken on an entirely different landscape since covid. I would think real hard with all the giveaways these days before acquiring rental units.

[Biggs]

Move in a couple used portable classrooms and finish them out for a quadplex. Good money in return.