ok just another quick note, the owner sent me the bill for when his heating system got serviced.

Depending if you must pay for utilities or your tenants.If you must pay I would bid max $140,000, if your future tenant pay electric and heat/gas so I would bid up to $180,000.

Hey guys, how much can I expect to pay to have a house converted from oil heat to gas heat?

As an engineer, you might own a heating and air company, or an electrical company that will generate profits.

The individual units are served by electric forced air heating and cooling units.There is no Broker Co-Op for this asset.

Though I'd keep a few things like the kitchen counters and the heated slate tiles in the hallway to the bathroom.

Most Heat systems typical HW with boiler mate or elec. for h.w.

Areas I am looking in are st. pete, tampa, orlando and anything except miami/dade county.

Scott -- on decent 2 to 4-unit properties in the mid-west, I've been looking for gross annual rent yields of 30% if tenants pay their own gas/electric, and 38% if the landlord is paying for the units' gas heat and/or their electric.

Tenants pay electric and gas.loan would be about $250/mo 45k @ 5.75, 30yr, 3k closing6 unit:4 2 BR $650/ea2 studio $450/ea2010 figures3500 rents5768 taxes1500 ins2244 heat3600 electric1500 water1218 total monthlyAll brick 3 story, no landscaping, new furnance and half roof done in '05, all kitchen and bathroom remodeled, new windows, flooring, entry doors, carpets, coin laundry, stoves, refs, and smokes done in '06appriased 165k in '07, asking price 172k rents include utils, looks to be turn key, fully rented, no work needed, inspection tomorrow 3/19/11, i know it has older BX wiring and asbestos wrap around the heat vents between wallsI can get a comm loan. for 6% @ 25yr, with .25 $921/moThanks for your time,Justin