Multi family need your input before I proceed

[Steve S.]

2 part thread here:

#1 what do I need to learn about before going into multi family

#2 I have an opportunity to buy someone's properties is it a good deal?

So I have experience in single family homes but now I'm thinking I may branch out into multi family. I know what to look for when looking at a SFH. So I'm sure the same things will cross over when looking at structure, windows, doors etc. But I'd like to learn more about what to look for that is specifically related to multi-family.

Right now I'm looking to acquire someone's business. This includes 2 triplexes right next to each other and a 10 unit apartment building.  All 16 units right now yield approx 10K per month. They're asking approx 800K for all of the units. With monthly expenses around 7500 it looks like it may cash flow for around 2-2.5 K per month.

This is all dependent on the expense numbers that have been provided to me.

My question is for 16 units, what would you think are reasonable expense for:

Water, sewer, electricity, insurance, taxes, maintenance & security. I know each property has it's own story with the numbers but I would rather go in expecting high expenses and be happy if it ends up lower.