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Updated over 11 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Travis Sun
  • Toronto, Ontario
1
Votes |
9
Posts

High utility cost for 3 and 6 plexes

Travis Sun
  • Toronto, Ontario
Posted

I've been looking at some 3 and 6 plexes and they have extremely high utilities costs. For example, the 6 plex has a utilites cost of 8800/year and the 3 plex has an utilities cost of $4400. The 6 plex is an apartment building, and the 3 plex is like a house. This feels rather higher - I originally though more rooms would equal higher efficiency.

What would be a good cap rate and roi on my investments?

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