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Updated over 5 years ago,
Multifamily Repair Budget per unit
I am under contract for my first multifamily deal, a 20-unit property in Charleston MSA.
I am doing some forecasting and wanted to get some thoughts on what people budget annually per unit for repairs (including unit turns but excluding $300 of CapEx reserve). I know the exact number may depend on many factors such as age of building, quality of units and so on, but would be great to get people's thoughts on where they shake out usually.
Thanks!