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Candace Price
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Cost to repair 100 units class d property

Candace Price
Posted

I have a distressed property I’m looking to purchase.

It’s 100 units, probably needs to be gutted out completely.

I wonder what it would cost me per unit to make it new?

It’s a class D asset, average market rent is $500-550.

What should be my budget? I would appreciate if anyone can share some input?

Thanks

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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
66,565
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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied

no one can answer this..  you need to be talking to a local contractor not the internet.

to many un knowns.

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JLH Capital Partners

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