How Much Does It Cost To Build A 300 Unit Apartment Complex

You take a rule of thumb for the value of each apartment and you multiply it by the number of apartments in the building.

How much does it cost to build a 300 unit apartment complex. This spreadsheet includes two properties totaling 45 units. Management fees vary greatly but typically fall in a range between 3 percent and 7 percent of the rent collected. Average Apartment Building Cost.

If you manage the building yourself you can reduce that expense. This would allow us to have all water billed back to the residents which is common practice in the area. Unexpected apartment building operating and renovation expenses.

5000 in parking expenses every year. Sum of all operating costs. For this reason they are usually classified as luxury or boutique and are generally 5-star facilities with many services and features included.

Any unexpected expenses or unplanned vacancies will decrease this number. The highest cost for a building was. The above figures place this construction at an 85 and 200 per square foot cost.

Number of apartment units in which residents moved out of the property during the 12-month reporting period. Each unit roughly costs anywhere between 64575 and 86100. How much would a buyer need to invest at 4 percent liberal in todays environment to earn that 75000.

During due diligence we found that it would cost us only 200-250 per unit to put wirelessly read sub-meters in each unit for water. Energy Information Administration the standard size of an apartment unit is 861 square feet with a footprint of 24 feet by 35 feet 2435. So buying this exquisitely renovated five-bedroom unit in the mid-9 million range its priced at 9995000 has an equivalent value to buying a similarly sized apartment with the more typical 13750 monthly cost for a little over 11 million.