How Much Does A 25 Unit Apartment Complex Cost

Some apartment owners manage their own buildings.

How much does a 25 unit apartment complex cost. As one developer put it. 25sqm is now much more reasonable. 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.

But figure a low of 2500000 per unit for section 8 housing in poor condition in a state like Alabama to a high of 12500000 a unit for excellent condition units in Arlington VA. That is too low. For instance if we have to replace a washer and dryer in 1 unit and they need to match it is as much as your entire year for appliances.

On a building producing 500000 in rent a 5 percent management fee would add up to 25000 a year. Also how do management cost only come to about 6000 for a. 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.

Just try finding that anywhere else. I want to highlight our progression from a rundown 25-unit to an attractive 156-unit apartment complex using the identical investing framework. 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.

How Much Does It Cost To Build Apartments. In most cases yes having multiple income streams can produce a very high return on investment. Water meter installation cost.

Our analysis of the CoreLogic dataset indicates that the average Sydney apartment sold for 870000 in 2016. As one might expect construction costs create a great deal of the cost of building an apartment complex. Buyers fear high maintenance costs.