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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is just an observation and not necessarily relevant to anything that’s been said yet.  It seems like the 4-6 plexes need at least 6000 SF.  What will happen on the 4000-5900SF lots?  Any builders or realtors have a guess?  Bc we DO have some very small lots in Arlington and that’s what I have been curious about.  What happens there?  [/quote]

I talked to the builder who bought what he told me was an R5 lot close to Virginia Square.  He is building two semi-detached houses, each with 4 bedrooms and 4 baths and 2 parking spaces.  He has an investor lined up who will buy them around $1.3 M, depending on cost of materials.  Investor thinks he can rent them for $4,500  a month to either someone who wants easy living in a nice clean rental or four young professionals who don't want one of the grungy older rental houses and pay $1,150 for a room and bath and common kitchen.  [/quote]

That’s the kind of thing I was curious about.  So even though it’s a duplex, in this case, nobody is getting on the property ladder and it’s even more people than would be in a 6 plex.  [/quote]

For this particular builder, the investors will benefit as any investor in rental property would benefit. The investor might sell them to an owner occupant, but the initial appeal is to get a tenant or tenants who want to live in a new unit.  The same builder has another lot that is R6 and is waffling between doing a single family house or three townhouses.   He is waiting to see how the semi-detacheds do before he commits to it one way or the other.  Meanwhile, the old house is rented to three young professionals with dogs.   Dog owners who want a patch of grass and divorced parents who want schools are is target market. [/quote]

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