Looking hard at a 6 unit 1 beds with main boiler includes heat and water . Rents are par with the area so no big bumps in the near future . Has a 6 % cap rate .Any thoughts appreciate --98.1.xx.xx

Heat included is easier to rent during the winter months. Hydro electric is the most abused utility where switch out as quickly as possible. A efficient heating plant which is the boilers, hot water tank. Reducing the heat loss in the building by insulating ceilings with spray foam, new low E argon windows along locking non electric thermostats in each rental unit will reduce heating hot water temperature in the whole building. Remember the time when a tenant complained about the heat in February where went in thermal camera then scanned the radiator which 40 degrees Celsius where the room temperature was supposed to be 21 degrees Celsius according to town building codes. Went down to the boiler where showed the boiler was constantly running as high efficiency gas boilers run without shutting down at lower firing rate to maintain temperature instead of on and off firing. She had window wide open where I said I can not heat outside but the building. The Tekmar electronic control is very precise where if a window is left open then the temperature of room drops if the window is left open where the tenant has to close the window. If a wise investment is made where the heat demand in the building is reduced then will get the money back over time. The other option is to install a wall mounted high efficiency gas boiler in each rental unit then separate out heat where the tenant pays and controls heat. A lot depends on how one looks at future. Where spending more upfront will pay off over the long term. --99.236.xxx.xxx

I'd pass. --172.58.xxx.xx

In essence, the cap rate is the net operating income (NOI) of a property in relation to the property's asset value. Real estate investors and other players in the real estate sector use the cap rate calculation to estimate the return on an investment. To calculate the cap rate of a property, you simply divide the NOI by the value of the property. --71.184.xxx.xx

--108.28.xx.xxx

By this time tomorrow I'll have forgotten..) --108.28.xx.xxx

Six units with heat & water included in New York will be astronomical bills in the wintertime. For accurate usage, get copies of the actual statements from the oil or gas company. --72.70.xxx.xxx

If using a central plant with a boiler which can be natural gas or oil then the heat has to limited where take out the indoor outdoor bi metal control then install a Tekmar electronic boiler control where the heat is very precise along with if a window is left open then room temperature will drop so the tenant closes the window. Installing locking non electric thermostatic radiator valves will balance the heat between the north and south side which requires less heat when the sun is out. In Europe non electric thermostatic radiator valves are very common. Danfoss and Honeywell Brauck man make those type radiator valves. Found by insulating all the hot water, heating pipes in the boiler room more heat goes into the building where the boiler room is still warm. --99.236.xxx.xxx

I would NEVER invest in a property where I was responsible for utilities. You're giving the tenants a blank check drawn on your account. No, no, no. Especially not for a 6% CAP rate. --70.128.xxx.xxx