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Updated about 6 years ago on . Most recent reply

User Stats

9
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1
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Steven Sather
  • Colorado Springs, CO
1
Votes |
9
Posts

Buying 1st quadplex and needs electric upgrade

Steven Sather
  • Colorado Springs, CO
Posted

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.

Most Popular Reply

User Stats

80
Posts
54
Votes
Stephen Gallagher
Pro Member
  • Real Estate Agent
  • Hillsboro, NH
54
Votes |
80
Posts
Stephen Gallagher
Pro Member
  • Real Estate Agent
  • Hillsboro, NH
Replied

@Steven Sather

25K to upgrade a 60amp service to what?

I charge 3k to go up to a 200 amp. Is there other electrical changes needed.

I'd seek another estimate if that is just for a service upgrade.

Unless it is a lengthy underground lateral seems way to hi.

Stephen Gallagher

Abracadabra Electric

  • Stephen Gallagher
  • Loading replies...