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Updated about 12 years ago on . Most recent reply

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226
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96
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Donald Hendricks
  • Investor
  • Clarksville, IN
96
Votes |
226
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Shell to finish out, cost guesstimate

Donald Hendricks
  • Investor
  • Clarksville, IN
Posted

I found a duplex in shell only condition. This was a new build that stopped at the shell. Sewer is in place and plumbed through slab to main line. Inside is studs only. Needs everything, electric, plumbing rough & finish, HVAC, insulation, drywall, kitchen etc.

The roof is in new condition, windows are in place. Plumbing can be done at cost of parts as my brother is a master plumber and I get the family discount.

Please throw me some rough guesses as to cost to finish out from shell so that I can work some rough numbers to see if it is worth dragging a contractor out for a more definite $ amount.

I could guess at this repair or that for a simple rehab, but how to guess at this? Property is located in the San Antonio, TX area. Each side is 1100sf 3 bed 2 bath. This will be held as a rental in a working class neighborhood.

Let the flogging begin! Thanks for your input.

Most Popular Reply

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17,995
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17,199
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J Scott
  • Investor
  • Sarasota, FL
17,199
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17,995
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied
Originally posted by Ben Leybovich:
I would guess higher than J Scott . A new built from scratch in decent quality would run at least $80/sq.ft. (likely $100) Even if this thing is 50% done, you are still talking at least 80-90k - guessing here!

That could definitely be the case...again, just not enough info...

Just to give an idea of where my numbers came from:

We turned this:

http://www.123flip.com/house-pics/the-rookie-house-before-pics

Into this:

http://www.123flip.com/house-pics/the-rookie-house-after-pics

For this:

http://www.123flip.com/house-35-budget-recap

The house was about 1300 square feet, so that was about $30/sf (and we spent about $3000 on mold remediation in that price).

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