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Updated about 12 years ago on . Most recent reply

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10
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0
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Joe Kulbacki
  • Investor
  • New Castle, PA
0
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10
Posts

6-unit apartment shared utilities

Joe Kulbacki
  • Investor
  • New Castle, PA
Posted

Hi. I'm currently looking at buying a 6 unit apartment. All of the numbers make sense to me, but I'm hesitant because the 6 units share a hot water tank and a furnace. The furnace has a lock box on it and they supplement that heat with baseboard electric (tenants pay electric). I'm looking for some advice on what I should do. Is it worth it to run separate lines to each unit (guessing not = pricey) or is it okay the way it is, or walk away?
Thanks in advance.

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