This document provides a detailed cost breakdown for renovating 5 buildings with a total of 20 units. It estimates costs for exterior work like roofing, insulation, HVAC and landscaping, totaling around $230,000-$247,500 per building. Interior estimates include materials and labor for drywall, insulation, flooring, cabinets and appliances for each unit and common areas. The total renovation cost across all 5 buildings is estimated at $774,500-$844,700. Adding the purchase price of $387,500 gives a total project cost of around $1.16-$1.23 million. Key figures like drywall, insulation and flooring quantities are also summarized.

1. 5 Buildings – (Building 1)
Exterior
Roof: 36 SQ (2 stories), $350/300 SQ, $12.6k – 10.8k
*Building 1&2 Only, Decking/2 Truss repair: +4k*
Insulation: 4100 SQFT, 6.5k
HVAC (Ductwork/Air handler/Condenser): 18k (Need to inspect each one)
Painting Exterior: 4100 SQFT, $1.46SQFT, $6k
Landscaping (6,534 lot size): $4k
Interior
Living Room (274.39 sf):
Walls: 18 sheets drywall (1/2”), 560sf
Ceiling: 9 sheets drywall (5/8”), 275sf
148.67sf Insulation
Floor: 301 sf floor, clean tile
$4050-4500
Bathroom Downstairs (21.09 sf):
Walls: 5 sheets drywall (1/2”), 26.78sf
Ceiling: 1 sheet drywall (5/8”), 141.33sf
35.33sf Insulation
$1350-1620
AC Closet (7.65 sf):
Walls: 3.5 sheets drywall (1/2”), 89.33sf
Ceiling: 1 sheet drywall (5/8”), 7.65sf
22.33sf Insulation
$720

2. Closet Downstairs (2.88sf):
Walls: 2 sheet drywall (1/2”), 54.67sf
Ceiling: 1 sheet drywall (5/8”), 2.88sf
13.67sf Insulation
$315
Dining Room (59.79 sf):
Walls: 6 sheets drywall (1/2”), 175.76sf
Ceiling: 2 sheets drywall (5/8”), 58.79sf
87.88sf Insulation
Clean Tile
$1080
Pantry (2.56 sf):
Walls: 2 sheets drywall (1/2”), 52sf
Ceiling: 1 sheet drywall (5/8”), 2.56sf
13sf Insulation
$180
Kitchen (80.03 sf):
Walls: 8 sheets drywall (1/2”), 245.82sf
Ceiling: 3 sheets drywall (5/8”), 80.03sf
122.91sf Insulation
$3150 cabinets per unit
$1350 dishwasher/stove/refrigerator
$6750 per Kitchen

3. Laundry Room (49.92 sf):
Walls: 8 sheets drywall (1/2”), 226.67sf
Ceiling: 2 sheets drywall (5/8”), 49.92sf
170 sf Insulation
$900
Stairs (69.29 sf):
*Walls: 9 sheets drywall (1/2”), 282.73sf
*Ceiling: 1 sheet drywall (5/8”), 39.37sf
141.37sf Insulation
Carpet on stairs (check prices)
$1440-1620
Hallway (33.75 sf):
Walls: 6 sheets drywall (1/2”), 176.21sf
Ceiling: 2 sheets drywall (5/8”), 33.75sf
88.11sf Insulation
$720
Hallway Closet (3.83 sf):
Walls: 2 sheets drywall (1/2”), 62.67sf
Ceiling: 1 sheet drywall (5/8”), 3.83sf
15.67sf Insulation
$180
Front Bedroom (147.01 sf):
Walls: 13 sheets drywall (1/2”), 388sf

4. Ceiling: 5 sheets drywall (5/8”), 147.01sf
169 sqft flooring / $5 sqft Labor + Material
194 sf Insulation
$3150-3600
Bedroom Closet (31.38 sf):
Walls: 7 sheets drywall (1/2”), 216.67sf
Ceiling: 1 sheets drywall (5/8”), 31.38sf
108.33sf Insulation
36 sqft flooring / $5sqft Labor + Material
$720-900
Upstairs Bathroom (42.5 sf):
Walls: 7 sheets drywall (1/2”), 216sf
Ceiling: 2 sheets drywall (5/8”), 42.5sf
0sf Insulation
42.5 sqft flooring / $5sqft Labor + Material
$1800-3150
Back Bedroom (176.67sf):
Walls: 14 sheets drywall (1/2”), 425.33sf
Ceiling: 6 sheets drywall (5/8”), 176.67sf
212.67sf Insulation
203.17 flooring / $5sqft Labor + Material
$3150-3600

5. Back Closet (22.17 sf)
Walls: 1 sheets drywall (1/2”), 425.33sf
Ceiling: 7 sheets drywall (5/8”), 176.67sf
104.67 sf Insulation (360)
25.49 flooring / $5sqft Labor + Material ($127)
$720-900
Total (for 1 Interior Unit):
$27,225-30,735
Total (For 4 Units/1 Building Interior):
$108,900-122,940
Total (for all 5 Building Interiors):
$544,500-614,700
Total (for Building 1 Exterior):
$45,000-47,500
Total (for all 5 Building Exteriors):
$230,000
Total Renovation Cost:
$774,500-844,700
Price of Building:
$387,500
Total Amount:
$1,162,000-1,232,200
Drywall sheet totals: 157 sheets + 10% waste = 172 sheets
Insulation sf totals: 1,478.61sf + 10% waste = 1,625 sf
Flooring totals: 273sf + 10% waste = 300 sf
(EGI) = effective gross income
Annual Debt Service  Take out, that’s if we refinance the property with a bank

6. - Good numbers to note for factoring into the overall amount of the deal