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Updated about 8 years ago on . Most recent reply
Estimated Rehab cost Rochester NY
Hi guys i'm looking to do a buy and hold on this property:
based off the pictures what would you guys think would be an appropriate rehab cost?
(My basic observations : Looks like it needs a new roof, renovations to ceiling and kitchen cabinets)
Thanks in advance!
Most Popular Reply
Matthew Drouin
#2 Multi-Family and Apartment Investing Contributor
Pro Member
#2 Multi-Family and Apartment Investing Contributor
- Developer
- Rochester, NY
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Matthew Drouin
#2 Multi-Family and Apartment Investing Contributor
Pro Member
#2 Multi-Family and Apartment Investing Contributor
- Developer
- Rochester, NY
- Reroof $8000
- Paint Throughout including kitchen cabinets $2000
- redo floors (as needed) $2000
- appliances $1200
- new fixtures throughout - $1000
- +10% for contingency $1420
$15620 very ball park. The place looks to be in good shape and you could probably rent it as is if you wanted to slum it up but you probably want the best tenants that you can get.