Buying a 3 plex with only two electric meters!?

[Jacques Wurms]

Besides the 2 electric meters it also has two A/C units.  One unit does have the A/C vent but the tenants in the other unit would control the thermostat :(

The numbers are great as an investment but I am afraid we will buying a never ending war between the tenants.

This is a legal 3 plex I wonder how difficult and how much it is for FPL to add one electric meter. We also talked about  possible closing the A/C vent and put a window A/C in that unit. I am in South Florida and cooling is vital of course. Tenants pay own electric.

Another option is converting it a large Duplex 3/2 and 2/2 the numbers would be less favorable.The questions is would you avoid this one? 

[Jeff Copeland]

@Account Closed - I think you'll find that by far the greater expense is re-wiring the property and installing a new electric panel (and attaching all of the electrical circuits in that unit to the new panel). 

Depending on the type of construction (wooden subfloor with crawlspace, versus slab on grade...plaster versus drywall...wood frame versus block) - rewiring usually requires pretty extensive demolition and drywall work (opening up walls to access the romex for every switch and outlet, in order to re-route them to the new electric panel).

This will require a licensed electrician, permits and inspections from the City or County, and then a framing/drywall contractor to put everything back together...then you'll need the new electric meter from FPL.