Water Well and utilities At Multi Family Apartments

[Philip L.]

I'm currently looking at buying a 5 unit apartment building, the numbers seems to work, however there are some concerns.

1. It's got a water well that feeds into all five apartments, I have no experience with water wells, I've educated myself a little but my knowledge is limited. The owner said it is possible to connect to the city water as it runs along the main road however that is 150 feet from the main rd.
I am concerned about, maintenance, the well running dry, quality of water and my lack of experience in regards to wells.
If connecting to the city water is possible I am concerned about the total costs and time to get it in place.

2. Gas and electric - both are connected to the grid/city however they are all on one account so I am wondering the cost of getting each apartment connected individually with there own meters. 

Any help would be appreciated thanks