- Indianapolis, IN
- Votes |
Cost to put separate meters in older multi family
I am looking at a triplex and a six unit. Both were converted from large SFH to multi family a long time ago. The landords currently pay utilities which I think is insane. I want to know if any of you have a rough idea of the cost of adding water meters, electric meters, gas meters. I know it depends upon where we are located but I was hoping to put some numbers in my analysis.
For instance, I have assumed that it will cost me $1,000 to add each meter plus any required internal plumbing/wiring to get everything run correctly. My assumption is that inside installation will cost at least $2000 per home.
I will call the local utilities because I think they have a flat rate for doing the outside work. I won't be able to get contractor quotes for the inside work until I have a contract.
These two properties are priced to sell and have some issues but I know that getting separate meters on them will be worth whatever it costs. Thanks for any suggestions.