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Annual per unit expenses for Class C Buildings
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!