24 Unit Deal - Looking for Feedback

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I'd love to hear your thoughts on this property.  

http://www.loopnet.com/Listing/20317343/4100-Kings...

Provided summary is:

Sale price = $1,375,000

Units = 24 (22 flats, 2 townhouses)

Cap Rate 8.51%

Financial Overview provided:

• 194,940  - Gross Rents
•  (19,494) - Vacancy
•  (16,822) - Taxes
•    (9,467) - Insurance
•  (15,595) - Management Fee (8%)
•  (16,600) - Maintenance, Grounds, Reserve
• 116,964 - NOI Income

It doesn't appear that any work would need to be done, currently, so there's not much value to be added I don't think.  They're asking $57K per unit, which seems very high for the area, although, I'm comparing against apartment complexes at around $37K per unit.

My questions are:

1. What do you think the property is worth?
2. Do you think it is feasible/realistic to get seller financing for 20/25% down?
3. What type of terms would I expect on both the commercial loan from a local bank/credit union as well the seller financing? 

I appreciate your thoughts/opinions.  Thanks!

Micah