Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 7 months ago,
Apartment Meter Base Replacement
We purchased an older building and have been flipping several of the units. In doing so we determined we needed to upgrade the 50amp boxes to 100amp and took on this additional expense. Now as we started into the work we realized the exterior meter base (10 meter base) is all rusted and will not pass inspection. I'm worried this is now going to be yet another massive expense.
It seems to be a single meter panel with 10 - 12 meter bases is very $$ and hard to find. What cost-effective options are out there? Could we use 10 separate single bases? or a couple 6 base? My electrician is working thru options but I also want to try and think creatively as well.
The one advantage here is that unit 1 is currently sharing common power, and this would allow us to split it off. But that will hardly justify this cost I fear we have.
Thanks in advance!
Jesse