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Updated almost 6 years ago, 02/25/2019

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42
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Paul Bergagna
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42
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Costs to Separate Utilities (electric, gas, water, heat, HW)

Paul Bergagna
Posted

Looking for a rough costs to separate utilities in an older multifamily home in the north east.  For instance, I'm looking at a 6-unit that is running off a single, electrical, gas, water, hot water source.  Just looking for rough costs, a range, or worst case scenario.

Thx in advance.

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Jaysen Medhurst
Pro Member
  • Rental Property Investor
  • Greenwich, CT
2,466
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4,876
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Jaysen Medhurst
Pro Member
  • Rental Property Investor
  • Greenwich, CT
Replied

@Paul Bergagna, this is going to vary wildly depending on the layout of the property and current mechanicals. If units are above one another, it's probably cost prohibitive to split everything out. If there's just 6 right next to each other and you can get to the basement(s), it might be more feasible.

If the current system is too complicated, might be worth considering to:

  1. Split out the electrical, upgrading service and adding min-splits for heating/cooling. 
  2. Install high-efficiency tankless water heater. That should minimize the HW bill.
  • Jaysen Medhurst