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Updated about 7 years ago,
Maintenance / Capex for lower income large apartment from 1960
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.