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Chris Schwartz
  • Investor
  • O'Fallon, MO
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Trying to estimate repair costs of a fourplex...

Chris Schwartz
  • Investor
  • O'Fallon, MO
Posted Aug 15 2013, 22:00

I have found what I believe is a fairly good deal on a fourplex in my area. The fourplex is nearly 50 years old. I just received the seller disclosure and I am trying to get an idea of what the repair costs are going to be.

Here are the causes for concern...

- 10 year roof (undocumented, so may be older...)

- 1 soil stack must be replaced

- 2 kitchen stacks must be replaced

- One unit has water damage to the tile floor and tiled walls. Seems as though owner just laid laminate flooring over the top of the tile and put a fiberglass shower over the tiled areas. Disclosure says repair could be permanent if venting is added.

- Kitchen sink in one of the areas must be reglazed or repaired.

- A vanity in the same unit must be reglazed or replaced

- The kitchen floor in one of the units "may" have water damage

I am trying to get an overall cost estimate on the repairs. I can replace the flooring myself and probably replace the sink/vanity. I have little to no experience with the other tasks.

If anyone with a bit more experience has any thoughts, I would love to hear them.

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