Buying single apartments in an existing building?

[Scott L.]

Anyone every buy apartments in an existing building for buy and hold rentals?

Not looking at the whole apartment building.

There is a nice little off shoot of the city, has 3 units, all for sale about 30K each, and rent in the area for a one bed is about 700-850. It has a HOA of 305 that seems to cover all maintenance of the unit and taxes and water and heat and garbage and cable. Seems like an 'ok' investment.

not sure how to run the numbers on this type of investment.