5 unit apartment building...how would you evaluate this?

[Andy N.]

How would you evaluate this property? I have looked at a 5 unit building. It consist of 4 one bedroom units and 1 two Bedroom unit. It's listed for $169,900 gross rent is $1920. It has a new roof. Each unit had been updated in the last 3 years. Rent-$1920 Tax/ins $200 Lawn $70 Utilities $600 Here is the kicker....rents are about $25-$50 per unit under market. The current owner is I paying all utilities but I have no idea why. Each unit is metered separately. So with new renters That $600 a month should be recaptured.