Opinion on Fourplex

[Adrian Carlos]

Hello Everyone

I would like your opinion on a fourplex apartments I would like to purchase. Here is some information: Asking 120K producing 2000.00 a month(500.00 per plex). They pay everything except Water. Flat roof. Built in 1960. Their in a Low Risk flood zone. Current owner pays 567.00 per year for flood insurance. Apartments are always 100% occupied. And currently 100% occupied. Apartments have not been appraised recently something that I dont like. Also they are running swamp coolers. Roof has no leaks. Opinions? Suggestions?