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Updated about 7 years ago,

User Stats

48
Posts
20
Votes
Ben Mizes
  • Rental Property Investor
  • Saint Louis, MO
20
Votes |
48
Posts

Maintenance / Capex for lower income large apartment from 1960

Ben Mizes
  • Rental Property Investor
  • Saint Louis, MO
Posted

My partner and I are looking at a 128 unit complex that's made up of 8 16 unit buildings, with a average rent of $450. 

The building was made in 1960.

We're not entirely sure how much we should project for maintenance / capex every month, in order to make the right offer on the building.

What do you usually budget on something like this?

Thanks.

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