How Much Does It Cost To Build A 300 Unit Apartment Complex

1000 every month in clothing and distributing 12000 yearly.

How much does it cost to build a 300 unit apartment complex. Some apartment owners manage their own buildings. However the national average stands at 125 for most contractors. Resorts are usually considered a destination stay where people travel to vacation at them.

Our aggregate income is 1217000 for this complex. 95 of buildings are within the cost range. Sum of all operating costs.

Typical apartment building operating expenses The following spreadsheet will give you a good idea of the number and variety of expenses you will incur as an apartment building owner. 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. The average time to build multifamily housing varies with the number of units in the building.

1310m 2 - 3040m 2. 440m 2 - 3910m 2. 5000 in parking expenses every year.

For this reason they are usually classified as luxury or boutique and are generally 5-star facilities with many services and features included. During due diligence we found that it would cost us only 200-250 per unit to put wirelessly read sub-meters in each unit for water. Unexpected apartment building operating and renovation expenses.

Then your net operating income should equal approximately 500000 per year. The above figures place this construction at an 85 and 200 per square foot cost. The Brookings data found the following average price per square foot for each level of apartment building.