Is this 3 unit worth $700K?

[Michael Cioffi]

Noobie looking to close first deal. What would you have to buy this building for for it to "make sense" and not get hurt. All 1BR in great town.

[Robert Edwards]

A few things: 
Water - are tenants paying that? Where I manage if it's more than one unit usually we pay, so just check on that.
Taxes: if you can, get a past tax bill, or contact your city to find out the taxable value they are paying. If they are paying for a taxable value of 300k, and you are buying at 700k, expect things to go up. Even if you are in a state where sales numbers are not public, they will go up. 
Insurance: same as above. Get an actual quote. The same insurer might not take that property, etc. 

Ages: How old is the roof, heaters, etc, and when do you expect to need to purchase again?

A final thing: These expenses feel oddly even. Like they are guestimates. Snow plow will never equal out to be exactly $50. Some days it snows, others it doesn't. Some months it doesn't snow. So an accurate average monthly for snow plow will never be precisely $50. Maybe $50.13. But never exactly $50. Same with utilities (even budget billing won't be on the dollar). And NEVER maintenance!

So just do your due diligence!