How much to figure in for CapEx for multifamilies?

[Kevin Guo]

Hi all,

I'm looking at 6-unit apartments and most in my area are mostly C units built in the 70s and 80s, with some in the 50s and 60s. The outside is brick. Pretty clean. Seems like they stood up well against time. Inside common area is a little rough from wear and tear. The individual units can look nice with a little remodel. My main concern is the plumbing and electrical.

When I'm analyzing the numbers what's an appropriate amount I should set aside for CapEx for these kind of buildings? Also, where do I expect to spend most of the repairs on for buildings of this type and age?

Thank you.