Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Multi-Family and Apartment Investing
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 about 7 years ago on .

User Stats

3
Posts
0
Votes
Malynda Sala
  • New York, NY
0
Votes |
3
Posts

Has anyone renovated an early 1990s commercial building ?

Malynda Sala
  • New York, NY
Posted

I just looked at a 6000 sf commercial building, built in 1990, on a small town Main St

The 1st floor is a store, then on the 2nd and 3rd floor are three apartments with space for a 4th

The building is gorgeous but in original condition, It defiantly needs a new heating system and some plumbing work, The electric was on but I'm assuming that needs updating as well

I'm planing on having some estimates and an inspection but fear the renovation would be to costly for the project to be viable, it would probably cost more to renovate than the asking price 

If I bought it, I'd use the 1st floor for my established business, rent at least 2 apartments and live the other 

My main concern in plumbing and heating, Has anyone done an oil to gas conversion in a building like this? If so, what was the ballpark price? What's the cost difference adding separate heat compared to one zone for the whole building, gas is at the curb

What are the other issues I should look out? 

Has anyone completed a project like this?  I'd love to see your posts or hear your thoughts about it, it's an amazing building but sadly, it may need too much work for me

Thanks!