The unit is in decent shape, looking to add vinyl flooring throughout, paint the interior and upgrade appliances.

We completely gutted the house and gave it a new functional modern interior layout.

There may be a few sellers who needed to sell, or lesser desirable interiors that caused a few houses to sell for less than expected, but Id be shocked if thats anything but a coincidence

I am a Photographer who also does high quality print work and framing for interior design dealers, and the occasional art gallery.

Doors (interior): est 15 doors, 2700Windows (18): 7200 (real bid not estimate)Drywall: 13000Painting (interior): 8100Electrical: bids from 11k-21k includes all fixtures, outlets, etc…Plumbing: 11k-18k (including new water service 1” pipe, and all fixtures)HVAC: 22k (new systems, new ductwork) This also seems high to me, thoughts?

Pretty much all of the apartment complexes here rebrand when new ownership takes over and the first thing they do is paint the interior and exterior and do some cosmetic upgrades (paint or replace cabinets, new counters).

6% Assignment fee included.This home has been completely gutted and needs a lot of work in the interior, roof, foundation.

IMO you over paid heavily on interior painting. $1400 for 3 small rooms?

We anticipate about $150k in repairs when All said and done.Immediate repairs/interior rehab approximate about a 3rd of that total.Roof replacement accounts for the rest.First thing that jumps out from the spreadsheet is no PM cost.We are buying out of state,so will slap on the 8% PM fees.Because we already own a similar building in town,we know the water and sewer bill is at least 2x what it should be.So updating plumbing fixtures to reduce water utility portion is a major value play.Rents are also at least $100 under market.Financing is agency debt.6.5% interest3 year term,30 year amortization.There’s a lot of moving parts in a value play.That’s why I wanted your comments and questions first and i can respond as we go.

I am a Realtor and Interior Designer and also starting to invest in Pittsburgh real estate.