Common expenses would be utility mandated SCADA upgrades for system isolation, metering packages, engineering & testing, etc.

I guarantee the month after the meters come on, the person responsible will fix their leaky toilet or cut back on consumption.

Everything is all private with seperate entrances but the meters are split (70/20/10%) between the 3 units.  

I have a triplex in Shaker Heights that has two units sharing the electric meter - i want to split it and am being told it is not possible in CLeveland. 

They all have their own separate oil tanks/electric meters etc. and there is well water.

If the Multi-Fam does not have individual utility-meters for all units, then you have to figure out what to do or it can potentially eat away at your cash flow.  99% of Single Family homes do not have this problem.These are just a few pros and cons. 

The price for these 4200 SF buildings are very low about $135,000 per unit leased at $1350 a month and they have high end custom finishes and private patios, covered parking for 2 vehicles and usually all individual meters.

The price for these 4200 SF buildings are very low about $135,000 per unit leased at $1350 a month and they have high end custom finishes and private patios, covered parking for 2 vehicles and usually all individual meters.

Make sure your site meets the 'above grade' numbers, and 2nd means of egress requirements.So long as you can do the project as per local codes, you must allow each unit to access their own meters/breaker boxes.Hope this helps. 

In addition when it is time to sell, buyers like units to have separate meters.