How Much Does The Average Apartment Complex Cost To Build
This spreadsheet includes two properties totaling 45 units.
How much does the average apartment complex cost to build. Based on a building with 12 average-sized units the national average for construction is about 125 per square foot. 68 of buildings are within the cost range. Sum of all operating costs.
For example on our third deal we purchased a 136 unit apartment complex for 4075000. The following spreadsheet will give you a good idea of the number and variety of expenses you will incur as an apartment building owner. If you manage the building yourself you can reduce that expense.
The land can run between 5300k per unit The permitting fees can run between 3200k per unit. However there are other factors which affect construction that may prolong construction time. But when it comes to the cost of an entire building complex theres more to simply crunching the figures based on the average unit cost.
A unit 861-square feet with a footprint of 24x35 the size of an average apartment Use of mid-range materials. Also if we decide to go this path how to estimate the market value of apartment building. For those looking to build from scratch youll need a figure here of cost per square foot for this initial cost.
Call us today at 206 622-3000. So how much does it cost to build an apartment. Some lower-end condos cost less to build and higher-end buildings cost more but most fall in this range.
Moreover we have brokered numerous apartment loans and apartment building financing transactions. The sum of all expense categories must balance with this line using total net utility expenses only. What would be the approximate cost to build such an apartment building.
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