How much is a full demo and reuild in bay area?
Hello BP,
Just asking for some advice. I have a seller who Is wanting to sell 5 properties as a bundle. This five properties are all right next to each other and makes an "L" shape. What makes the deal a little more complex is that 2 properties are SFH, 1 property is a commercial building, 1 property is a MFH, last one is a vacant lot. 4 properties are in a row and the last one is on the other side of the street (L) shape. How would I go about structuring this deal? also if I get all 5 properties under contract how much of a discount is reasonable? 5%? The condition of these properties are not good at all... 1 needs to be demo basically 1 needs a full rehab 1 is a vacant lot and the other 2 are 4/10 condition.
How much do you guys think a full demo and rebuild would cost? Also building a property on the vacant land. Also if you guys can give me an estimate of how much $ per sq ft I would really appreciate it!!!
Thanks guys!