It was significantly cheaper than waiting for it to fail and replacing it during the heating season.

If one boiler(owner pays), if multiple meters it is forced air (usually on the tenants), if none electric heat (usually tenants pay).

In a super-heated market, if & when you're willing to consider paying the premium, you need to look carefully at that NOI, because small tweaks there, mean small adjustments to value in a stable market, whereas sometimes small tweaks to the Market (AKA the Going Cap Rate ) can make or break you.   

The current heating system is propane fired FHW and the system is junk - he'll have to replace it completely.That lead us to a discussion about which heating systems would be the most desirable.

Run    Your heating bill would be over a grand a month .

The last time it happened I had a very heated phone call with the PM, and I never had another issue with it  since and we have been steady for 4 years.

So stock speculators or not, the market is heated up and the behaviors are not exactly encouraging.

From other forums I have read before, it might have a total space (heated) of 7-9K sqft.I know there are way too many variables in estimating it, but just looking to meet average standards for a retail store, consider the needs for a small UPS store.

Numbers as follows235,000$ listing price2,300$ Income per month (1,150 per unit)Tenants pay heat & electricity203$ per month in cash flow after every expense I can think of13% return on my money w/ 5% down (I plan on occupying the property for just 1 year)The property just came on the market 36 hours ago and currently has 10 showings in the next 3 days.

$50 - Trash/Heat/Sewer etc to tenants.