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Updated over 6 years ago on . Most recent reply

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28
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13
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Rich Jordan
  • Rental Property Investor
  • Stafford, VA
13
Votes |
28
Posts

Submetering - Average Cost per Unit?

Rich Jordan
  • Rental Property Investor
  • Stafford, VA
Posted

Currently looking at a 30-unit property. It was built in the 50's and the owner pays water, gas, electric for the property. Does anyone have a general idea of what it would cost to submeter one or all of the utilities? What has or hasn't worked for you?

Most Popular Reply

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232
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102
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Jedd Braunwarth
  • Investor
  • Waconia, MN
102
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232
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Jedd Braunwarth
  • Investor
  • Waconia, MN
Replied

@Rich Jordan The pricing is going to be all over the board depending on what company you go with, types of meters available, if your plumbing is separated already or if it needs to be (depending on company or meter type). On my end pricing is going to be more in the $100 per unit range if plumbing is already separated and $300 per unit range if plumbing is not separated. Do you know how the plumbing runs in the 30 unit? Does each unit have it's own hot water heater? 

I can only speak for water as I do not know pricing for gas or electric as of today.

@Benjamin Seibert did you quote include separating plumbing? Was that from the local municipality or a submetering company?

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