How Much Does A 100 Unit Apartment Complex Cost

Each unit roughly costs anywhere between 64575 and 86100.

How much does a 100 unit apartment complex cost. The cost range is between 20 and 150 million. But when it comes to the cost of an entire building complex theres more to simply crunching the figures based on the average unit cost. Prefab Apartment Building Cost Given the popularity of high-rise apartment complexes in urban areas many construction firms turn to modular or prefab building design to cut costs.

There have been few instances in my 20-year professional real estate career where Ive had the opportunity to work with a broker on the buy side thats been as informative as knowledgeable and as helpful as Joe has. On the other hand apartment complex ownership can be much more involved than owning other types of assets such as stocks or bonds. Rents probably wont increase at a rapid rate year-over-year but also probably wont ever go down.

By our calculations weve increased the value of this apartment complex by over 100 as we currently value this property at 600000 and it only cost about 130000 in renovations to get there. This property now generates over 2000 in cash flow for us after covering all our expenses. Gday Michael We have bought into a brand new complex in the ACT that consists of a main building of around 100 units and around 40 town houses.

In this article I want to show you how to buy your first apartment complex by exhibiting the Patience persistence but willing to walk away mentality and how to locate value-adds in a deal. So buying this exquisitely renovated five-bedroom unit in the mid-9 million range its priced at 9995000 has an equivalent value to buying a similarly sized apartment with the more typical 13750 monthly cost for a little over 11 million. Also how do management cost only come to about 6000 for a.

100 units X 1000 every month 12 million yearly for lease salary 1000 every month in clothing and distributing 12000 yearly 5000 in parking expenses every year Our aggregate income is 1217000 for this complex. Such as Pricing Size Rent Roll Histories. A 100-unit building can be many different sizes from a mid-rise of 5 floors to a luxury high-rise apartment complex.

Average Apartment Building Cost. It costs 22 million on average to build an apartment building. For calculating labor cost and basic building components let us defer to the 2013 RSMeans data.