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Updated about 5 years ago on . Most recent reply

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5
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Brett Bessette
  • Investor
  • Providence, RI
1
Votes |
5
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Utilities Usage Per Unit Monthly

Brett Bessette
  • Investor
  • Providence, RI
Posted

I am new to Bigger Pockets and looking to invest in Apartment Buildings in North Providence, Rhode Island. I have broken down all projected expenses for the property I have in mind in order to find the NOI and compare it to the financial statement that the property owner provided me with. I was looking to see if anyone who has invested in apartment buildings in new England and could estimate utilities (water, electric, sewer). I am not just looking for estimated prices but more just usage per month per unit so I can calculate an estimate per unit based on local rates.

Looking for average KwH per month for a 

2 bedroom apartment, 

gallons sent out to sewer per month, 

average water gallon use-age per month.

I understand it is variable but I just need some input from someone who has seen actual usage per unit. 

Thanks! 

Most Popular Reply

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1,992
Posts
1,439
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Frank Patalano
  • Rental Property Investor
  • East Providence, RI
1,439
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1,992
Posts
Frank Patalano
  • Rental Property Investor
  • East Providence, RI
Replied
Originally posted by @Brett Bessette:

I am new to Bigger Pockets and looking to invest in Apartment Buildings in North Providence, Rhode Island. I have broken down all projected expenses for the property I have in mind in order to find the NOI and compare it to the financial statement that the property owner provided me with. I was looking to see if anyone who has invested in apartment buildings in new England and could estimate utilities (water, electric, sewer). I am not just looking for estimated prices but more just usage per month per unit so I can calculate an estimate per unit based on local rates.

Looking for average KwH per month for a 

2 bedroom apartment, 

gallons sent out to sewer per month, 

average water gallon use-age per month.

I understand it is variable but I just need some input from someone who has seen actual usage per unit. 

Thanks! 

  I would speak to a couple local property managers. I can recommend a couple. I don't usually see the bills because everything is professionally managed. Electric is tougher because most tenants pay their own.

  • Frank Patalano
  • Loading replies...