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First time building, please help
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This property came in my way. It is unfinished. It can be 3 or 4 units (currently approved by city as 2 units) and 1 unit is finished. Two brother started over 10 years ago and lost interest in finishing it.
The finished unit is -1600sqft, 3 bedroom and 2 bath
Second units is 1400 sqft - unfinished but has electric and plumping
third and possibly 4th units - just wall, needs electric and pluming. Between the two units 1800-2000 sqft.
Also have about 1700sqft of storage/garage
Each unit can be rented 1250-1500/month
Asking price $250K, average comp very very very conservative is $135 (single family are listed 160/sqft)
Based on what you see, how much you would roughly estimate to complete this? How much per sqft?
Where to look to find someone help me finish this project?
my goal is to buy it, finish it and refin and keep it long term.
Thank you.
Most Popular Reply
I don't have any advice but looks like an interesting project and will follow to see what others say. I will say that looking at the pictures the building does not look as big as the sqftage your quoting for each unit. Also looks like some living space near the utility?