16 unit apartment complex

[Gerald King]

Ok, here is the deal. Here in my area there is a 16 unit apartment complex that is up for sale for $192,000. Below is some info on the apartments.

Two story brick apartment community, pitched roofs, all 2BR/1BA, gas heat, seperately metered utilities, adequate parking, great upside potential. Appeals to investors seeking low maintenance property priced below replacement cost. Section 8 ready!

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Above are pictures of the apartments. For this price would it be a good investment? I mean houses hear 3/2 run around $170,000....what are your thoughts? Should I try and contact these people and see what price I can negotiate, is this a potential money maker? Walk away...what....I need some help deciding what to do here....

I currently live right down the road from these apartments in a 2bed/1bath house and my roommate and I pay $1100 a month. Of course this is a house...but still...that says something right?