How Much Does A 4 Unit Apartment Complex Cost

Find here detailed information about apartment building costs.

How much does a 4 unit apartment complex cost. 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. It costs between 1 - 35 million. 5000 in parking expenses every year.

The following analysis estimates the cost to build an apartment 4-7 story using US National Average costs from 2013 RSMeans cost data. For calculating labor cost and basic building components let us defer to the 2013 RSMeans data. On a building producing 500000 in rent a 5 percent management fee would add up to 25000 a year.

Yet it goes without saying that in recent years the 4 plex has become a most sought after project. Also how do management cost only come to about 6000 for a year. Management fees vary greatly but typically fall in a range between 3 percent and 7 percent of the rent collected.

Materials would cost around 465 million labor would cost roughly 451 million machine costs would stand at roughly 232000 and the contractor would take in over 13 million for the project. That way youll have a better idea of how to work out the construction cost for your building based off of the projected square footage. Construction Cost Estimates for Apartment 4-7 Story in National US.

I was buying units for 70000. Heres an example. Your rule of thumb might say you wont value any unit at more than 100000.

We can determine the NOI by subtracting Total Expenses from the aggregate income total. While you can purchase a smaller apartment building for 500000 to 750000 a mid-size or large apartment complex will likely cost more than 1 million. So your eight unit building is worth.