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Updated over 3 years ago on . Most recent reply
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St. Louis expenses (Duplex and four family)
Can anyone give some insight to average expenses for a duplex and four family? (Water & sewer, garbage, electric, gas, and any others I'm missing).
Thank you.
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On my two families in south STL, I generally see the following:
-Sewer/MSD - around $90/mo per property
-Water/Trash - around $175 per quarter (or about $58 per month)
All my tenants pay gas and electric so I can't speak to these exactly. In the times these are in my name due to a vacancy or I am rehabbing a unit, I usually see a combined total between gas and electric of $100/unit/month (higher gas in winter, higher electric in summer).
For insurance, I usually pay around $100/mo, but only insure for purchase price. Taxes generally run around $100/mo as well.
Hope this helps.
Eric