New Construction Budget for 3 Unit Multifamily in Cleveland OH
I bought an existing 3 unit property in Cleveland OH along with the empty lot adjacent to it which I'm looking to build another 3 unit, 1000 sf per unit multifamily on. The properties are located in the neighborhood of Tremont and I wanted to see if anyone had advice on what the $ per square foot budget should be for this area? I want to attract high quality tenants so I'm thinking finishes a little on the higher end, but not so far as to surpass what will contribute to increased rent.