Typical per-unit maintenance for urban class C?

[Allen B.]

Hi All,

What sort of numbers do people like to estimate for per-unit maintenance? I'm specifically looking at medium-size (say, 12-50) unit, older but in good shape, class C buildings around Chicago and suburbs. Actual numbers I'm seeing are all over the place for various reasons.

Am thinking costs within a unit (so excluding roofs, boilers, etc) mainly come from kitchens and bathrooms, and then perhaps a smaller amount psf. At least that's my experience in smaller properties.

Any thoughts would be much appreciated, thanks!

Allen

[Crystal Smith]

Originally posted by @Allen B.:

Hi All,

What sort of numbers do people like to estimate for per-unit maintenance? I'm specifically looking at medium-size (say, 12-50) unit, older but in good shape, class C buildings around Chicago and suburbs. Actual numbers I'm seeing are all over the place for various reasons.

Am thinking costs within a unit (so excluding roofs, boilers, etc) mainly come from kitchens and bathrooms, and then perhaps a smaller amount psf. At least that's my experience in smaller properties.

Any thoughts would be much appreciated, thanks!

Allen

We use $1200/door/year & $1200 per common area per year for planning purposes. This excludes large CAPEX items like roofs, boilers,....