Multifamily Dilemma For 3 or 4 units

[Henry R.]

Hi BP,

Please give me your thoughts on this 3 unit. It's in move in condition the asking price is 112K, it's in a very nice and clean area. Has 6 total bed rooms. 3/2/1 with a 2 car garage. One problem is there is only one heating unit ( gas boiler) I would want to install 2 hot air furnaces for the 2 first floor apartments. There is a basement

In my area ( and I've been looking in surrounding area's) it's hard to find low priced 3/4 unit property in b/c+ areas. The taxes are high in many of my local Cities, 6.5k is about as low as you can get while many other area's may be lower they are mostly 2 families or in very bad high crime areas for cheap property.

Thanks!

main st schnctdy

[Henry R.]

@Account Closed, Normally   back east the electric heat is expensive ( from my previous 2 family tenants would ask that question, is it electric heat?) LOL, that is a thought though. My last place had electric heat and I installed gas heat for the 2 unit.

Metering the gas seperately would be easy it had 3 gas meters at one time. Perhaps they all had gas stoves and now they are all electric. Thanks so much for your imput.

I don't know why the link didn't work. We tried it a few times, guess it only worked on our end.