Townhome Style Units
My partner and I built over 400 townhome-style one-bedroom units. We opted for one-bedroom units due to parking limitations; we had to provide at least one bedroom. We preferred the townhome design because it worked well for single-lot deals. We didn't need to install an elevator; a handicap lift was sufficient.
We found that townhome-style units commanded similar rents to flat-style units in amenitized buildings. Tenants were drawn to features such as rooftop access and small mezzanines that could serve as home offices.
Here is the link to the blueprints of our first ground-up 13-unit project.
This was our first ground-up MF ever; they’ve gotten prettier since the first one.
Are these buy and hold or for sale? What do they rent or sell for? What is build cost out there? $300 ft ish?