How Much Does An Average Apartment Complex Cost

The average apartment turnover cost is around 1750 per month but that number could drastically differ depending on what your property costs where it is located and how much work needs to be done.

How much does an average apartment complex cost. Buyers fear high maintenance costs. For example on our third deal we purchased a 136 unit apartment complex for 4075000. Energy Information Administration the standard size of an apartment unit is 861 square feet with a footprint of 24 feet by 35 feet 2435.

Generally speaking these are some of the most common costs that can be associated with apartment turnovers. Heres the interesting point. The building has 12 units and Company X charges a flat fee of 50 per unit.

How much does it cost to pressure wash an apartment complex. 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. According to the US.

Energy Information Administration suggests. Click to see full answer. That means that Jim would need to pay 600 a month to manage his units.

The national average cost to build an apartment building is between 45 and 50 million with most people paying around 105 million for a 5-story mid-rise apartment building with a. You might pay as little as 100 with larger jobs costing 600. Based on those numbers below is the average cost range for each type of apartment building.

A twelve unit apartment complex Utilizing mid-range materials a regular foundation with full basement efficient doors and windows all appliances and turnkey finishing would run at an average of 64575 to 86100 per unit to complete not including acquisition of land. Which means a 50 flat fee is 10 percent of what he earns from rent. Costs provided are an average price for typical buildings as at the date of publication allowing for preliminaries builders profit and overheads.