Best Offer Price on 1st Duplex? Advice Needed

[Matthew Grace]

After much searching I think I found a duplex that works best for me.  I have done my analysis and wanted to ask the BP forum members what they think is a fair price for the property.  (Obviously cheaper is better but lets go with what is your max price for a duplex with the numbers below).

Property details:

-2Bed/1 bath each side

- 650 sqft each side

- On site coin operated laundry (money goes to the landlord)

- 1 story

- crawl space

- Taxes are $210 per month

- Newer roof and water heaters

- Fully rented at $1,200 total per month (currently low for market...probably could get $1,400)

- Tenants pay electric and gas

- Landlord pays water

- Property will be managed by someone else (7% of months rent. no upfront fee)

- No remodel or work needed at purchase.

I look forward to everyone's thoughts and suggested entry point for the purchase.