Utilities in Memphis, TN

[Alaska Wagoner]

Hi Friends of BP, my name is Alaska. I am looking to buy a SFR up to a 4 unit complex later this year. I'm trying to estimate utilities and establish who pays for what in different types of residences in Memphis, Tennessee. Can anyone speak to these things? Thanks!

[Keenan Fitzpatrick]

@Alaska Wagoner You should be able to call the utility companies and ask to get the high/low/avg utility charges. You'll also want to look at the listing first to see if there is a common heating system or A/C unit for the building or if there are separate utilities for each unit. I highly recommend buying a 4plex first and I if you can get one with separate utilities then do it. You will want to make sure you aren't purchasing a property with 4 furnaces that are 25 years old. The benefit of the separate utilities is that you don't have to pay for anything once you move out. So if you have a tenant that likes to keep the door open and the A/C on in July or the heater on and the window open in January then they pay the expense. After looking for a bit you should be able to get a pretty good feel for what is typical for the area and vintage of property. Let me know if you have any more questions or want to talk more about SFH vs 4plex.