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Updated over 10 years ago,
Value of central air in multi-family
I'm thinking about adding central air to all units in an 8 unit apartment located in St. Louis. Currently everyone has a few window AC.
Would adding central air add value to my property? How much?
Based on the location, I should be able to get $6000 more per year (bumping rent up as leases renew). It would obviously take a few years to get there.
Any ideas or advice appreciated.