Triplex Numbers

[John Blythe]

Hi there,

Found what I at first thought may be a decent property to check out. After a quick analysis I don't think it'd work out with the numbers. Can someone help make sure I'm doing it correctly?

Asking: $139,900

Type: Triplex
Monthly rent: $1775
Taxes: $507
Insurance: $62
10% Maint. Expenses: $177
TOTAL GOI: $747

NOI: $938

You can check it out here: http://www.zillow.com/homes/5173-caroline-indianap...

The asking price seems high to me. What do you think? if so, what should it be / what should I go in at for an offer? What things stand out to you from what you can see in the numbers above and the pictures/info on Zillow? There are definitely 2 tenants there if not all 3, I haven't spoken to the listing agent directly but just gathered some info from online and from my realtor friend who told me about it to begin with and forwarded me the marketing materials (which didn't mention occupancy, we just saw cars parked at both ends implying someone at two of the three units).

Thanks for any insight and info!