Separating Water Lines in Duplex - Las Vegas

[J Torres]

Hey Everybody,

So I have a couple duplex's in Las Vegas that I've rehabbing that cash flow pretty well but are a little older. To combat the aging plumbing I'm having my plumber re pipe both duplex's with Pex A but am thinking since he's doing that anyway I might as well have another water meter connected at each property so that I can begin offsetting the water cost to the tenants. When I did my calculations (depending on city connection fee and permits) I would have 100% return on that in 5-6 years then the water costs being off set would be 100% ROI.

Does anyone have experience with doing this in the Las Vegas area by chance? Or if you have any thoughts shoot them my way. I'm looking at $6,200 for each property (duplex's are 3bd and 2bd unit at each property all with 1ba in each unit) to re pipe and new line from meter. Price does not include meter or any of the city fees and or permits.

care to chime in @Bill B.