Rehab Costs per Unit

[Randy Gutierrez]

Hello Everyone,

I was wondering what people are spending on rehabbing units so I can have some sort of an idea on what to expect before I start getting a few bids. Perhaps there is a simple calculation people use or maybe some napkin math. We have a tenant moving out of a 2 bedroom 1 bath unit soon and we are looking to pretty much fix the entire unit and bring it up to speed. We are talking flooring, paint, kitchen and bath. Nothing fancy, everything will be "tenant proof" pretty much. The unit is about 850 sq/ft and located in the Lehigh Valley area of PA.