Full Gut Remodel Costs

[Dan Creed]

Recently acquired a single family property through a death in the family. 2000sqft property needs a full gut and plans to turn into a 2 family. No debt on the property. Estimates are bout 400k for full gut remodel (hvac, plumbing, electrical, roof, mostly new windows, kitchens, and baths, minor re-framing) New plan is for (2) 2B1B units and will rent for 2k and 2500/mo. 1 unit is a larger 2 bedroom. Any feedback on these numbers? Initial thoughts was this is expensive but I have multiple GCs in the 400k range. 

[Josh C.]

I feel we could do that for around 300k, but that’s Indianapolis. Unsure your market.

Thats ground up new construction prices just about.