View Single Post
RealOG
Status: Offline
Thanks: 19
Thanked 193 Times in 111 Posts
Status: (7) Lexus
Joined: Aug 2007
Posts: 353
Expertise: Real Estate: Apartments
Locale: Scottsdale, AZ
My Mood:
RealOG's Avatar
Reply With Quote
 
 

I would think has decent application within apartment buildings, as they are valued via cap rates. Most all have some sort of common electric: exterior lights, laundry facilities, heating pools, clubhouses, etc. How much common power costs do you lose a year. On an 8% cap rate and assuming you get the same deal as the coop above was able to pull, your break even is $8k/year. I would think most large complexes pay at least that much a quarter.

Hell, you might be able to get an even better deal if you offer them publicity as going green.

SteveO or Gaston - you ever look into this?

RealOG