Quick analysis on Multi unit property

[Kyle Bethune]

Ok here's a property I am thinking of submitting an offer on: 1-sf block home 1630sq ft pristine condition(owner occupied) potential rent $1300 2- duplexes 4 units total 2/1 each rents are $675,$750,$750,850. All units are in excellent shape. 3- mobile homes $650 each metals roofs all in excellent condition. Everything is 100% occupied (except owners house) with many long term section 8 tenants. Expenses on the rented units ran right at $15,000. Last year. They are asking $450,000. There is room to build out 2 more duplexes with county approval. Is this a good deal? What should I offer?