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Updated almost 6 years ago,
Buying 1st quadplex and needs electric upgrade
Hello,
About to purchase our 1st quadplex in Colorado Springs. The inspection came back with 2 big problems: electric is at capacity at 60 amp and needs to be upgraded. The second, while not an as big of an issue is the entrance to the parking lot, is so steep that one of the residents choose to skip class if it snowed because it was so slippery. Granted no one ever salts the parking lot either.
After getting estimates we are looking at 25 k to fix each of the issues for a total of 50k.
My question is should we ask for the seller to pay for some if not all of this as it seemed to be things that should have been taken care of well beforehand and does affect the functionality of the property.
Thank you for all your help just for reference this is our 1st multifamily.