How Much Would It Cost To Build An Apartment Complex
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A unit 861-square feet with a footprint of 24x35 the.
How much would it cost to build an apartment complex. Replacement cost examines the amount it would cost per square foot to build a similar building. However the national average stands at 125 for most contractors. This price range has the following specifications.
This spreadsheet includes two properties totaling 45 units. Scope differences and market conditions can cause costs to vary significantly. Average Apartment Construction Costs.
The above figures place this construction at an 85 and 200 per square foot cost. 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. 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.
Is an apartment building a good investment. It costs 22 million on average to build an apartment building. It depends on the grade or finish of your apartment and of course size.
Average cost to build an apartment is about 75250 per Unit Cost. So how much does it cost to build an apartment. When calculating how much to charge for each unit you calculate the cost and value of each unit based on the cost of all units minus one.
Utilizing mid-range materials a normal 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. Costs are derived from a building model that assumes basic components using union labor for a 22500 square foot building. How Much Does It Cost To Build Apartments.
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