Fixer upper multi family!
Looking at a multi family brick building in a town in Kansas. They have 12 units & it needs total rehab. Building is empty, foundation is good and they want $100,000. It has been on market for 275 days and it has 7956 sq ft. The building has minimal appliances/toilets etc in them. Has anyone ever rehabbed a whole building & might be able to give me an idea cost? Looks like apartments are 550ish sq ft other apartments in area renting for $500-600 monthly. End result could be- $6000 monthly rents. Idk if rehab will be $100,000 or 250,000. Thanks in advance!