Average unit turn cost?

[Mathew Davis]

Hello curious how much average unit turn costs are. One of my units needs complete turn, new kitchen, bathroom it’s a one bedroom around 700 sq ft. 

[E. C. "Stony" Stonebraker]

@Mathew Davis, the cost, as @Bjorn Ahlblad mentions can very quite a bit, depending on location, quality, contractor and availability of materials.  And it depends on whether it is a standard turn or a renovation.  It sounds like you are talking more like a renovation.  Turns can be as low as $2,000 for cleaning, minor repairs and painting.  Typical renovations which include appliances, flooring, sinks, counter tops, repairs, painting can go from $5,000 to $10,000 and up for higher quality materials.

Check with other multifamily investors, brokers, and contractors in your area.  Get a couple of contractors to visit your unit, show you how to estimate the costs yourself and give you quotes for the work.  Good luck!