Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Usa
80
Votes |
74
Posts

4 Plex basic upgrade cost

Account Closed
  • Rental Property Investor
  • Usa
Posted

Hello BP fam.  I hope everyone is doing his or her best at staying safe during this pandemic.  I have a question.  I believe that I will be able to acquire a 4plex next week.  Each unit is 2 bed 1 bath and 850 sq ft.  Currently, 3/4 units are leased out to long term tenants.  The rents are $550 per but the market calls for at least $800 after renovations. How much would a cosmetic upgrade cost per unit.  I want to slightly upgrade all flooring for each unit, kitchen (fridge, laminate countertop, cabinets, oven), and bathroom (tub, vanity, toilet). All units are separately metered and have baseboard heating and window a/c units.  The roof is in great shape, but the interior needs a facelift in order to maximize rents.  Please help or offer expertise.  I appreciate any realistic suggestions.

Most Popular Reply

Account Closed
  • Rental Property Investor
  • Usa
80
Votes |
74
Posts
Account Closed
  • Rental Property Investor
  • Usa
Replied

@Mark H. Porter thank you Mark! No dishwasher necessary and yes painting is a must. I want LVP for the living room and carpet for bedrooms

Loading replies...