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Updated over 5 years ago on . Most recent reply

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Nathan Williams
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172
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utility costs in indy

Nathan Williams
Posted

Im an out of state investor looking at a potential duplex. Everything looks great but Im curious how much will utilities typically run me since I will have to pay.  Each unit is 1 bed/1 bath and about 500 sqft with electric stoves.  Does anyone have some ball park estimates of how much electric/water/sewer/trash would run up per month?

thanks

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49
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Monica Johnson
  • Real Estate Agent
  • Indianapolis, IN
42
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49
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Monica Johnson
  • Real Estate Agent
  • Indianapolis, IN
Replied

Trash is included in your taxes, you can pay for recycling for like $20 a quarter or something like that. I recently had a house sitting vacant for a month and the utilities were around $100. I thought that was crazy expensive and called Citizens and they told me the sewer alone is a $45 minimum regardless of usage.  I feel like electric here is pretty cheap but that would really vary with the tenants usage but for a unit that size, I would estimate $50-75.

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