$430,00020 Units, 7 Vacant950 sq ft building, livable, used as ‘office’3 AcresCity Water, City Sewer, Paid by parkPower, 1/2 Separately metered 1/2 Master metered (how much does that conversion cost?)

Most rentals in Essex County are individually metered and the tenants pay for their electric.  

My experience has been that B+ properties are difficult to value add, especially if they are already sub-metered.

He sends my b.s. meter to 11.apparently, I'm not the only one:http://www.johntreed.com/Kiyosaki.html

Possible electrical issues - had 2 meters but one has been removed - and possible that city could require permits - something I have never dealt with.ARV ~ $110K.Repairs ~27K (7K up unit / 20K down unit).  

Even if you convert to gas, you still don't want to be paying heat as the landlord - so you'll need to get multiple gas meters installed and multiple heating units, and splitting of ductwork or piping depending on how the heat is supplied.

Also, the electricity meters are located in the basement of the building so the power company won't read the meters, so the current landlord is paying utilities.

It's very important for multis that the utilities are separately metered.

Taxes $2,900 per year.Ins $1,000 per year.Tenants are separately metered and pay all utilites directly to utility company.

We ran into some snags when we had to change out the main meter at the curb and enlarge the water main to the building to accommodate the new bathrooms - this delayed us a bit because water company had to do this install and we had no running water at the property to be able to test out the newly installed plumbing and get our final, otherwise construction went smoothly.