Financial Analysis- Renovations

The De Anza has withstood several renovations in the past and it is in need of a renovation today. 

Once beautiful landscaping has deteriorated to little more than dirt lots.  According to the most recent appraisal by American Properties (copy attached in supporting documents), 35 units are not in rentable condition.  The owner indicates that he has removed the old steam pipe heating system and replaced it with individual package heat/cooling units.  He also has indicated that he has spent close to $100,000 in bringing the properties electrical service in compliance with code.

The following items are estimates and are used for illustrative purposes only, as the consultant has not obtained bids for any work on the project: