Dayton Ohio Light/Power bill & Water bill
I’m looking at a 5 unit property and the water bill is $415, $373, $90, $422, and $515 every 3 months since 01/2019 WTF?! do u think there’s a broken pipe or something? And the light bill(common area) double from $80 to $165 i don’t understand
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What were you expecting? $500/3mo ($100/unit) is expected in Dayton. I assume these are 1 bedrooms? Not that it matters, but it includes trash and sewer as well. The average across Dayton for the total bill is about $180 per quarter per household.
For the electricity, I wonder if there was a vacancy during the increase? It is hard to say without more info on what is on the circuit. What are the rents?
Have you checked Property taxes yet? That is really important and can vary widely. How much are the rents? There are some great deals on small Multifamily in Dayton but there are many “deals” that are far from a real deal.