Remodeling an Office Building for CoLiving

[Justin R.]

Hey Fellas. There seems to be a lot of vacant office space here in Phoenix and I was looking to acquire something and remodel it for CoLiving. The basic arrangement would be 20 bedrooms (each with their own bathroom), a large kitchen with multiple appliances, and a few common areas spread out over around 6000 sqft.

Do you think 300 to 400k would be a realistic budget to overhaul the place to luxury apartment standards?