How to Value a Vacant/Dilapidated 336 Unit/28 Complex

[Skyler Southern]

How would you go about putting a value/offer on a 336 unit apartment complex that is vacant and has been vadilised? Repairs for each unit is approximately $20k per unit including new roofs, windows, and gutters.

[Anthony Chara]

Hi Sklar, if this is the property I think it is, it's going to cost far more than $20K per door. As you stated, there's vandalism, water damage from broken pipes and freezing water. Almost all of the copper pipes, wiring, cabinets, fixtures, door knobs, everything is missing. And yes, even the kitchen sink. You'll need 24x7 live security AND cameras on the property until all of your repair work is completed.  This could be a huge money maker for someone, but most likely only a very well qualified general contractor/builder will be successful as it is a huge project. It might actually make more sense to demolish the whole thing and start over.