Investor · Chicago Suburbs, IL · Member since 2014 · 26 posts · 6 votes
Working the numbers on a potential deal. If I can rent both levels it works, but only the upper level has a rent-ready apartment.
The bottom is 95% open space (think large chapel). If I want to convert this sizeable space into 1 or 2 apartments, is there a tool or rule-of-thumb to use to estimate the costs of this project? Maybe based on square footage?
I suppose getting a contractor on-site is the most responsible route for due dilligence, just don't want to waste time for everyone involved if this is fantasy land.
Investor · Butler, PA · Member since 2014 · 130 posts · 114 votes
4y
Ever go any further with this? I am currently looking at a 12k sq ft office building to change use to residential. I will be meeting with an architect and just trying to figure out if its even a viable option to change use.