Minneapolis, St. Paul, MN Utilities

[Victor Lebegue]

Hello everyone,

I looked at a 2700 sq. ft. property today and I need some advice on utilities. I'm trying to break down expenses to get an idea of cash flow every month. Currently the building is vacant. It has 8 units 4-1bd, 2-2bd, 2-3bd all 1 bath. The heat is natural gas with the old style hydronic radiators. I can't remember if the water heater is natural gas or electric. I'm new at investment properties and was trying to take in as much as I could on the extensive remodel. Currently there is only 1 meter for the whole building. I'm looking at general utility costs for this size building in our area. Also, is there any way to seperate the meters? If so the common areas would be 3 flights of stairs and a laundry room in the below ground basement area. 

Any help is appreciative