Help w/Triplex numbers

[Chris Jackson]

Hello BP world. I am crunching some numbers and wanted to throw some stuff out there to see what more seasoned investors think.  I am looking at a tri-plex.  What I have so far is this:

Asking Price $120,000

Rents = $575/$650/$500 ($1725/month), if tenants pay their own water/trash/electric/gas, otherwise I would probably increase all three by $75 and make the apartments 'all inclusive'.

Taxes & Insurance = $2600/yr (tax) + $1000/yr (insur)

The building couldn't get sold after being on the market for a while and was taken off the market and I've since contacted the owner. Hoping he'll either be willing to owner-finance to help me get in, or he'll take a lower offer price than $120.  I know this isn't a ton to go off of (I still consider myself a newbie investor), and there is more information that would help you guys make a good decision - but I'm just asking around to see if this looks like a deal even worth pursuing?  What would your ball-park offer be on this triplex?  $100K?  Less?  I know they say if you're not embarrassed, you're offering too much...