Non-Metered Utilities for Potential Apartment Purchase
I'm currently looking at a 40-unit apartment in Indiana but one of the bigger pitfalls is that landlord pays all utilities. The broker gave me a utility estimate of $5,000 per month (E-$2,000/mo, W=$2,000/mo, G=$1,800/mo) but I don't know how realistic that is. Also, to separately meter each unit sounds very expensive. Any thoughts/comments/recommendations?