There is one RARE exception, and that is when there may be a Gas Meter solely for the building heating unit.Since there were 4 Gas Meters, I knew it could either be a legal 3 Family but most probable it is a 4 Family.To confirm it was a 4 Family, I looked at the number of electric meters, which were 5 meters.

I  have a property that I am rehabbing and  I  am  considering putting in Baseboard  Electric Heat  as opposed  to HVAC for  cost cutting  but I am hesitant because I have  a feeling I  will receive a  substantially lower  appraisal from  the  Banks Appraiser, Does  anyone have  experience in this  selection ?

Look at the city heat maps with crime.

The warmest apartment in town is the one where heat is included in the rent.

If the unit did sit vacant, you're not only losing the rental income for those months, but you'd also be paying to heat the vacant side (as well as other costs if there is a separate water meter, trash collection, etc).

My rent covered my large mortgage, but I paid heat/sewer/water/trash/taxes/insurance (because if I would have made someone else pay any/all of that, I would have never found anyone to rent it). 

Here are the numbers:* 3844 square feet, 2-story, 4-plex buIlt In 1882* Rents for all 4 units total $2930/month* Landlord pays heat (gas boiler) and electrIc whIch Is $350/month total* Landlord pays water/sewer/trash whIch Is $170/month total* Taxes are $3k/yearNeeds:*ExterIor & InterIor paIntIng *Roof*FloorIng throughout *39 BIG wIndows*Most applIances are quIte oldLIstIng PrIce: $199K (motIvated seller)

If you are out in Fairbanks / North Pole area - you're missing some serious heat expense numbers.

There is currently only 1 furnace for 2 units and the owner pays for heat (Natural Gas).

Appraisal says 1,100sq ft of heated living area.