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 about 6 years ago on . Most recent reply

Replacing Electric Baseboard in 9 Unit.
I'm in a pickle and I'm trying to figure out what I should do. Currently under contract with a 9 unit apartment complex. It has an oil boiler that heats 1 apartment and 1 commercial space. All of the other 7 Units are heated by electrical baseboard with the tenant paying electric (-$220 per month from market rent). The building is 3 floors. From bottom to top it goes:
Basement + 1 Apt with oil heat
Commercial Oil Heat
3 Apartments Electric
3 Apartments Electric
I'm buying the building with only 3 tenants and know the electric heat may contribute to the reason why its not being filled. What kind of cost could I incur here? My guess is around $30k for all the work but I know I could be wrong. I believe I can get some help from our local efficiency program which would be HUGE. Curious if anyone has ever had to do this with such a large building.
Most Popular Reply

Originally posted by @Cody DeLong:
@Ryan Murdock I just brought up with my property manager and I think the issue with rinnai now is there is nowhere to really place the tanks. It's a small lot and the only area to the left to put them is not the buildings property. The line is right on the edge of the building. I think our best plan of action is going to be just getting a heating guy in there and taking a look on what he thinks we can do.
The joys of owning multi units in small town Maine in the winter. I feel your pain. Curious how it plays out for you.