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Updated about 6 years ago,

User Stats

87
Posts
90
Votes
Heather Schmidtknecht
Pro Member
  • Rental Property Investor
  • Winona, MN
90
Votes |
87
Posts

How do I estimate rehab on this property?

Heather Schmidtknecht
Pro Member
  • Rental Property Investor
  • Winona, MN
Posted
I am looking at a BIG 4-plex that has been neglected for a while but is currently rented. Here are the numbers: * 3844 square feet, 2-story, 4-plex buIlt In 1882 * Rents for all 4 units total $2930/month * Landlord pays heat (gas boiler) and electrIc whIch Is $350/month total * Landlord pays water/sewer/trash whIch Is $170/month total * Taxes are $3k/year Needs: *ExterIor & InterIor paIntIng *Roof *FloorIng throughout *39 BIG wIndows *Most applIances are quIte old LIstIng PrIce: $199K (motIvated seller)
  • Heather Schmidtknecht
  • Loading replies...