Basic Interior Rehab Estimate, Oregon

[Travis Wiggins]

I am considering purchasing a triplex in Klamath Falls, Oregon. What is a good starting place for an estimate to completely overhaul the interior of each 900 sq ft 3br/1ba unit as current tenants move out? 

Full new paint, new flooring (vinyl plank vs carpet), new cabinets, countertops, fixtures, sinks, tubs, lighting, basic rental grade appliances, etc. I am looking for clean and rent ready finishes, not luxury or custom. Kitchen spaces are simple galley layout. Bathrooms will take normal size tub/shower and smaller single vanity. 

I will do the demo of current finishes myself and likely hire out much of the installation of the new finishes listed above. 

I know this is a broad question, but are we talking 20K a unit? 40K? More? 

Those that have done this please feel free to drop some knowledge!

Travis

[Chris Watkins]

Quote from @Travis Wiggins:

I am considering purchasing a triplex in Klamath Falls, Oregon. What is a good starting place for an estimate to completely overhaul the interior of each 900 sq ft 3br/1ba unit as current tenants move out? 

Full new paint, new flooring (vinyl plank vs carpet), new cabinets, countertops, fixtures, sinks, tubs, lighting, basic rental grade appliances, etc. I am looking for clean and rent ready finishes, not luxury or custom. Kitchen spaces are simple galley layout. Bathrooms will take normal size tub/shower and smaller single vanity. 

I will do the demo of current finishes myself and likely hire out much of the installation of the new finishes listed above. 

I know this is a broad question, but are we talking 20K a unit? 40K? More? 

Those that have done this please feel free to drop some knowledge!

Travis

If I'm GC'ing the project and paying subs, I usually pencil $50/sf for cosmetic rehab, $75/sf for medium rehab and $100/sf for full gut as a starting point. If the deal pencils at those amounts, I'll do a deeper dive on budget. These are Eugene prices, but not dissimilar from K-Falls.