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153
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53
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Steven Segal
  • Rental Property Investor
  • Leucadia, CA
53
Votes |
153
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32 Unit Deal - Heat bill is killing it...

Steven Segal
  • Rental Property Investor
  • Leucadia, CA
Posted

Looking at a 32 unit deal in Milwaukee. However, the heating bill is 33K/year. They are newer, but it definitely hurts the investment. It has been sitting for a bit, and I think that number has been their big obstacle in seller the place. 

Has anyone retro-fitted a multi-family to have furnaces in each unit? How much does it usually run per unit? I work in the land of A/Cs (Florida), so I haven't done anything like this.

Thanks for any input,

Steven

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