How Much Does A 25 Unit Apartment Complex Cost

Talk to construction contractors architects who have done apartments and engineering consulting firms.

How much does a 25 unit apartment complex cost. As a rule we will work on around 220000 per apartment. How Much Does It Cost To Build Apartments. Depends on a lot of factors location conditions rents.

For calculating labor cost and basic building components let us defer to the 2013 RSMeans data. We manage a 20 unit renovated building in Vicksburg MS and our ongoing operating and maintenance costs are far more than in you typical example. 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.

From an operations standpoint it costs almost as much for us to operate a 30-40 unit building as it does a 100-unit building so we are looking for sites that can. Heres the interesting point. Some apartment owners manage their own buildings.

A smaller development site tends to have the need for undercroft parking while a larger more expansive site doesnt. The national average for construction costs alone ranges from 64500 to 86000 for the average-sized unit which is 861 square feet. As one might expect construction costs create a great deal of the cost of building an apartment complex.

Our analysis of the CoreLogic dataset indicates that the average Sydney apartment sold for 870000 in 2016. 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. Average cost to build an apartment is about 75250 per Unit Cost.

Theyll be able to give you the info you need. Study what going market rent. The average price of a standard 10000002000000 General Liability Insurance policy for small apartment buildings ranges from 67 to 89 per month based on location number of units payroll sales and experience.