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Updated about 6 years ago,
How do I estimate rehab on this property?
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)