How Much Does It Cost To Build A 100 Unit Apartment Complex

For example a twenty-unit property should deliver around 2000 per month in positive cash flow.

How much does it cost to build a 100 unit apartment complex. We would pay for the first 100 and the tenant. This spreadsheet includes two properties totaling 45 units. The cost range is between 20 and 150 million.

How Much Does It Cost To Build Apartments. Energy Information Administration the standard size of an apartment unit is 861 square feet with a footprint of 24 feet by 35 feet 2435. According to the US.

In 2014 buildings with 20 or more units took 149 months to complete from the time of obtaining permits whereas properties with 10 to 19 units typically finished in 136 months and 5 to 9 unit buildings came in at 115 months. The average cost range for condo building construction is 75000 to 150000 per unit. This single cost-saving step saved us over 6000 per year.

Management fees vary greatly but typically fall in a range between 3 percent and 7 percent of the rent collected. How I Went From 100000 in Debt With No Job to Debt-Free in 5 Years. A twelve unit apartment complex Utilizing mid-range materials a regular foundation with full basement efficient doors and windows all appliances and turnkey finishing would run at an average of 64575 to 86100 per unit to complete not including acquisition of land.

Just try finding that anywhere. This property now generates over 2000 in cash flow for us after covering all our expenses. It costs 22 million on average to build an apartment building.

Any unexpected expenses or unplanned vacancies will decrease this number. Scope differences and market conditions can cause costs to vary significantly. If you manage the building yourself you can reduce that expense.