The Dorm That Dripped Blood aka Pranks (1982) 

Joanne, Patty, Brian, and Craig prepare the old dorm building to be torn down. They are pursued by a serial killer with a wide range of murder methods, ranging from power drill to industrial steam cooker. Is it that spooky weird guy John Hemmit killing off the incidental characters, or is it someone/thing even more terrifying? - IMDb

 

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