First Apartment Complex Acquisition - What would you offer?

[Amit Patel]

Hi all, I am working on a deal and wanted to get some thoughts. 

Here is a summary of the property:

- Located in central CT (in Bristol, CT) 

- B-/C area (blue collar, but nice area)

- 20 unit building

- Asking $985K

- Building is brick built in 1928

- Gas heat (paid by tenant) / All other utilities paid by owner

- Rents are under market given as-is conditions

Below is a snap shot of the pro-forma given a rent increase to market

Any constructive feedback would be greatly appreciated as I start down my BP journey!