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I own a 4 unit building in the Center Slope. It’s 20 X 65, so it’s huge and all the apartments are floor throughs. However, even though there are six rooms per apartment, there is only one real bedroom. The previous owner, probably seeking to avoid plastering, wallpapered one of the units that will soon be vacant. He did a lousy job and now the walls have these bumps and cracks if you just paint over it. To remove the wallpaper is a huge job and then the walls would need to be replastered. I would imagine the cost to be around $18,000 if I’m luck. My neighbor is a professional skim coater and she says she won’t even give estimates for removing wallpaper because it’s so unpredictable as to how long it will take.

I can rent the apartment as is, I imagine, pretty easily for $2800. Am I crazy to consider doing the walls? How much more are people willing to pay for smooth walls? How much more can a huge 1 bedroom rent for in the center slope? I think three or four hundred at most. Plus I’d have to show it with the bad walls and potential renters would have to be able to imagine what a huge difference it makes aesthetically.

thanks for any input.