8 Unit Building, how much would you offer?

[Nazz Wang]

Turn key building from long time owner of 26 years, here are the numbers I have verified. Class B+ neighborhood. How much would you offer?

#	Description(All Figures are Annual)	Monthly	Annual Amount
1	POTENTIAL RENTAL INCOME	$ 5,560	$ 66,720
2	Less: Vacancy -10%		$ (6,672)
3	EFFECTIVE RENTAL INCOME	$ 5,004	$ 60,048
4	Plus: Other Income
5	GROSS OPERATING INCOME		$ 60,048
OPERATING EXPENSES
6	Real Estate Taxes	$ 723.00	$8,676.00
7	Personal Property Taxes	$ -	$ -
8	Property Insurance	$ 189.17	$ 2,270
9	Off Site Management	$ 483.61	$ 5,803
10	Payroll	$ -	$ -
11	Expenses/Benefits	$ -	$ -
12	Taxes/Worker's Compensation	$ -	$ -
13	Repairs and Maintenance	$ 750.00	$ 9,000
14	Utilities	$ -
15	Accounting and Legal	$ -	$ -
16	Licenses/Permits	$ -	$ -
17	Advertising	$ -	$ -
18	Supplies	$ -	$ -
19	Lawn and Grounds Keeping	$ 140.00	$ 1,680
20	Miscellaneous	$ 150.00	$ 1,800
21	Electric	$ 50.00	$ 600
22	Gas	$ 250.00	$ 3,000
23	Water	$ 165.00	$ 1,980
24	TOTAL OPERATING EXPENSES	$2,900.78	$ 34,809
25	NET OPERATING INCOME	$2,103.22	$ 25,239