A \1 an $850,000 Willo home on 0.3 acres for fourplex development. Total costs: $850K acquisition + $25K demolition + $1.2M construction = $2.075M. Monthly rent: $8,800 ($2,200 × 4 units). What's your decision?
Explanation
Financial incentive structure created by HB 2721 promotes historic home demolition because state law eliminates zoning delays and community oversight that could prevent profitable development.
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Market-rate fourplexes near downtown will rent for $2,200/month per unit. Tucson median income $56,000 annually. Using 30% housing cost rule, what income level can afford this housing?
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