12 unit apartment, need advice!

[Dennis Haber]

Previous post.

Looking at a 12 unit apartment, owner is asking 288k.
There are 3 buildings, one of the 3 buildings is for laundry, hot water
heater and storage. Court yard layout with units facing inward towards
court yard. All single story.. Apartment has a stable rental history for
2008 to present. All rents are 330 per unit (1 bedroom) one is 530.
Class C property.

Offer is at 240,000
I will put 20% down

Rents 2008 actual 48268.87
Rents 2009 actual 46208.68
Rents 2010 thru april 16015.59

2009
Other Income 2090.45
UTILITIES 12,622.26
TAXES AND INSURANCE 5,004.58
Debt Service 20yr 6.25
3yr ARM 1461.00
Maintenance 5 % ?
actual $1860 make ready and $1251 parts and supplies
Management 5 % ?
I will manage.. because its close to me <15 miles

Any thoughts on with new information if this is a deal..
Some room for upside exists, in my opinion.
I am capable of doing most of the maintenance

Thanks
Dennis