Garage to apartment conversion

[Tim Fagley]

Hi all - I am looking at buying my first income multi-family property, a quadplex with an attached 500 sq ft, cinderblock garage that if I can convert to a one bedroom/one bat unit might make this deal worth it. My question is what ballpark would I be in budget-wise working with one general contractor? Under 25k, over 25, over 50? It already has a separate electric meter and on the same water meter as the other 4 units, there is a washer and dryer hookup. Rental price would be 1700-1800 month so medium finishes like vinyl flooring, stock cabinets and counters, central ac, the two car garage door opening would need closed up with a front door and five additional windows would need to be installed around the unit.  Thank you