Multifamily Operating Expense % in the Denver area

[Mario J Perez]

Hello,

I'd like to get an idea of the multifamily operating expense percentage in the Denver area.

I was told by a broker that it is around 35-40% of income with property management included.

I was thinking closer to 50% of income.

Just wanted to verify.

Thanks

[Greg Dickerson]

Originally posted by @Mario J Perez:

Hello,

I'd like to get an idea of the multifamily operating expense percentage in the Denver area.

I was told by a broker that it is around 35-40% of income with property management included.

I was thinking closer to 50% of income.

Just wanted to verify.

Thanks

This will vary greatly depending the size, type, class, location and condition of the property. Also utilities can be a big expense on certain properties over others. You will see between 30% and 60%