What would you pay for this property?

[Ryan Parnow]

I am looking to buy a small multi family in my area. I had this property sent to me by an agent that I am working with. He has all of the income and expenses but they haven’t determined a price yet. What would you pay for this property?

Annual income and expenses

Rent Income $50280

Laundry income $906

Vacancy $2514

Taxes $9008

Insurance $1430

Management $3017

Repairs $5028

Gas $572

Water $2391

Electric $562

Garbage $565

Lawn and snow $1980

Misc $325

Net $23,794

Thoughts?