The project is a proposed student apartment located on the
vacant lot behind Still Hall. Currently the lot is zoned for a
single-family home, but assume that with spending $4,800 in legal fees, a
rezoning request will be successful allowing the proposed improvement. The
building has five apartments upstairs. There is also a full-sized daylight
basement that will house two addition apartments giving a total of seven.
The building dimensions of the building are 72' by 32'. The building is
two stories with an 8' red brick veneer along the front of the building.
Assume that the construction contract is $184,320 including $12,00 for a asphalt
parking lot and the lot cost is $30,000. The building is to be built with
stock plans costing $1500.