10 and 16 unit for sale - East side of MI

[Drew Denham]

Only information I have so far:

10 unit - asking price $340K, gross monthly rent $4750 (rent is under market value).  Realtor said the seller will not budge off of price. The property has been listed for 2 years apparently. 

16 unit - asking price $425K, gross monthly rent $7500, owner has had it for 40 years, LC term possible. For sale by owner - new this week. 

Next steps? determine the C on C return? Cap rate? Monthly cash flow? 

I have three single family rentals, but I am really looking to get into the multi family business (quit my corporate job).