Need Help on deal analysis and price suggestion - 1st deal

[Naveen kumar Vadlamudi]

Hello All, 

i came across this  college town property - it is a value add opportunity. 

14 Unit Complex - 12  2bed/1bath   &  2  1bed/1bath         * Separate electric and water meters. Central heat & air*

I made this below chart based on this community shared knowledge (Thank you all). 

Need 

 1.  would you consider this property at all ? if so why ?

2. can i pursue this opportunity and fix it to add value as a first timer? 

3. what is the good price+/-  to offer on this property ? 

Note: I know that it is currently bleeding  but given the price and fixing it up a bit ,may be a good one. I am open to take some heat so please give me honest and open feedback. 

Thanks in Advance

[Drew Sygit]

Your property taxes will probably increase after the sale. Contact the local Assessor's Office to find out how much.

You state this is a "college town property", but the rents don't reflect that.
The low rents typically are reflective of long-term tenants that the current owner hasn't raised rents in awhile. So, the current tenants are unlikely to be students.

That begs the question, why not students?

Is there an actual market for student housing or are you seeing a mirage?

The $750 market rent for a 2-bed is also relatively low. 
- Is this property in a Class C or D area?