Quadplex Question for a newb

[Joey Newton]

Could some one double check my math?

Good morning everyone. 

Totally selfish question but, I am in negotiations with a landlord who wants to sell 2 quadplexes in St. Louis. I am very green when it comes to multifamilies, and I was hoping that some one could look in to there hearts, and go over the numbers on this deal just to make sure I am not making a bad purchase. Again, they are selling 2 buildings each with 4 units, each unit is a 2 bed 1 bath. The tenants have a laundry/ dryer hookup, and a small storage area in the basement. He is trying to get $195,000 per building, and the average rent for all 8 units in $685. The operating cost on each building is almost identical, so I will just use 1 building as an example. 

Taxes/ year: $3,002,  Insurance: $1,573,  Trash/ year: $654,   Electric/ year (exterior lights): $420,   Water/ year: $1,200 sewer/ year: $1,500,   Spray for bugs/ prevention: $311/ year,    Lawn cutting/ year: $640,   Misc (furnace filters/ 9v batteries): $250

I have gotten mixed reviews back from my colleagues when they go over these numbers with me. Some say it is a great deal, some think not. If some one who has some time in the saddle regarding multifamiles could look at this for me I would be forever grateful.

- Joey