Updated over 12 years ago on . Most recent reply
6-unit apartment shared utilities
Hi. I'm currently looking at buying a 6 unit apartment. All of the numbers make sense to me, but I'm hesitant because the 6 units share a hot water tank and a furnace. The furnace has a lock box on it and they supplement that heat with baseboard electric (tenants pay electric). I'm looking for some advice on what I should do. Is it worth it to run separate lines to each unit (guessing not = pricey) or is it okay the way it is, or walk away?
Thanks in advance.