Would you do this deal?

[Tommy Spijkers]

Hi All,

I'm trying to learn more about what deals are good and not so good deals for Multi Family. I would love to hear what investors more experience think of this potential deal.

It's a multi family in a low B area, 11 total units comprised of two 2-bedroom apartments. Nine 1-bedroom apartments, a laundry facility, and a storage room. Currently at 100% rented. According to the listing rents are currently below market because of long-term tenancies, and currently there is no water bill-back. It has the following numbers:

About half the tenants are long term tenants:

Would you be interested in this deal, what would you offer and what would be your max price?