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Updated over 2 years ago on . Most recent reply

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Mike K.
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Duplex with Utilities included in Rent

Mike K.
Posted

I'm looking at a older 2 story duplex with a unit on each level.  Property is priced right and there is a positive cash flow with an estimated $300/mo utility cost.  My concern is there are window AC units which could result in much higher electric bills in the summer.  Would you consider a rental duplex that doesn't have split utilities?  If so how much of a price discount would it take to account for the utility costs?  Any input would be greatly appreciated. 

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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
Replied

@Mike K.
This is pretty uncommon in Columbus. Usually, the electric and gas are sub-metered and are always paid by the tenants as well as water and sewer if it's sub-metered. Pretty uncommon to see electric and gas not sub-metered in a duplex. Get a quote to sub-meter them. 

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