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Updated over 6 years ago on . Most recent reply

User Stats

12
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1
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Alex Goumilevski
  • Real Estate Broker
  • MD DC, VA
1
Votes |
12
Posts

Per door multifam maintenance costs

Alex Goumilevski
  • Real Estate Broker
  • MD DC, VA
Posted

Hi everyone,
Wondering what your experience has been in per-unit maintenance costs on 20 to 60 unit projects on a yearly basis? I know this will fluctuate a lot based on marketplace, age of building & systems, how well it's been kept up in the past, etc.

Just trying to get rough data points. Buying my first multi, but on my singles I average 2K per year between maintenance and turnover costs. Average tenant stays 2-3 years.

Thanks!

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