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Updated over 9 years ago on . Most recent reply

User Stats

10
Posts
2
Votes
Joe Schmoe
  • Cambridge, MA
2
Votes |
10
Posts

Annual per unit expenses for Class C Buildings

Joe Schmoe
  • Cambridge, MA
Posted

Hello All,

I'm looking for apartment buildings in the New England Area.  With valuations being what they are, Class C buildings seem closer to my target acquisition costs than Class B.  As I look at various numbers, I'm curious what is a good ball park per unit annual expense in this category.

Say in a 6-12 unit building with gas heat.  Average 2 beds.

I seem to see an average of $5500 in MA.  Would love to hear from buy and hold investors in Rhode Island and Connecticut!

Thanks in advance!

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