Still not enough info, streets, curbs, gutters in, utilities (underground?)

The US government has done a lot to try and curb the effects that Covid has had on the economy but can it last?

This should also immediately improve the curb appeal of the community, which may lead to higher resale values and make it more appealing to tenants.

They are all brick and have plenty of curb appeal.

And IMO in the 'big picture' the regulations helped curb abuse in NC.

Blackstone and other big players came in and kicked us little guys to the curb..

and then again in Atl. in 2012 2013 before the hedgefunds jumped in and booted us little guys to the curb..   

These are the details:64 unit complex $2,375,000.00Total loan amount $1,995,000.00Down Payment $380,000.00Upfront repair costs $300,000.00 (all new roofs, curb appeal, and vacant units) 40 2 bedroom @700.0024 1 bedroom @600.00Gross annual rental income $508,800.0010% vacancy $50,000.00Effective gross income $457,920.00Expenses:Insurance $12,000.00Taxes $11,800.00Utilities $60,000.00Dumpsters $9,000.00Accounting $7,000.00Maintenance Reserves $38,000.00Management $40,500.00Total expenses $178,300.00 NOI $279,620.00Financing $154,245.76 75 / 25 split Roughly $94,030.68 / $31,343.568% cash on cash return for investor$10,000.00 needed up front and the remaining at closing

. -- although even if you are in HPOZ, there's very little they can legally do to stop you do an ADU, especially if you aren't doing any substantial demolition, and there are ways around some of the hillside restrictions depending on where you are)Cost- It will depend on the condition of your garage's structure (footings, slab, wall framing, roof framing), the distance that's required for trenching, any electrical panel upgrades or location changes, and your design intent- Check that your garage has footings that are deep enough below grade (12" min in LA City, 18"-24" elsewhere) -- if not, you'll need to underpin or rebuild them- Check that you have concrete curbs, as these will help stop water intrusion from adjacent soil -- if not, you will want to find a way to add them, either by making the contractor do surgery on the building, or by adding them as part of a larger demo+rebuild strategy for the entire garage- Look at your slab.

In order to do that, you will need a civil engineer to do a site plan for you, and take into account any set backs, driveways, easements, utility lines, curb/gutter/sidewalk, etc. that will need to be included.