26 Units @ $649k

[Jordan Vires]

Greetings. 

Taking a look at this deal and wanted to reach for the advice/input of others, especially with regards to owner paid utilities and offer price. 

26 units @ $659k

Gross Monthly Income $10,900

Utilities $1500.00

Water $350.00

Sewer/Garbage $425.00

Taxes $450 per month (based on list price)

Insurance $500 per month

The asking price seems a little high. 

How much should (percentage wise) should an investor put aside per month for maintenance on a building this size?

Thanks and Happy 4th of July!

Jordan