LOOKING AT A 12 UNIT PROPERTY IN YOUNGSTOWN, OH NEED OFFER PRICE

[Nikko Giangiuli]

Looking at a 12 unit apartment complex in Boardman, OH. Financials below: 

2018 - Rent Income --> $119,000 Expenses --> $36,200 NOI --> $82,800

2017 - Rent Income --> $103,000 Expenses --> $63,700 (31k spent on upgrade repairs this year) NOI --> $39,300

The owner told me he is taking offers on the property and did not give me an asking price. Also, told me the Cap Rate for the area is around 8.15%-8.4%. Which seems kind of low.