8 plex . . . ideas?

[Masa Don]

1b/1b units 8 of them, not great shape not great area, 300K, rent will pull in $350/unit but all utilities are on one meter, there are currently only 2 units rented, like I said not a great area. I know there is a lot more to look at but what would you say is a reasonable offer? Clearly NOT 300! How would you present the offer? with numbers explaing or simply offer and assume they have to understand they are asking way too much?