4-Plex Analysis Help

[Ron K.]

I need thoughts on an older 4 Unit Brick Building, 3 Units upgraded, 1 with long-term tenant needs upgraded when they move out. Painted/stained wood floors in fine shape with no carpeting.

All mechanicals and roof upgraded within 4 years

Asking Price $110,000.00

Rents $1900/mo

Utilities

Heat $2500/yr (2 x last years costs)
Water/Sewer $2400/yr
Trash $330/yr
Electric $500/yr
Taxes $1400/yr
Insurance $600/yr

I will probably put $2500-$3000 into property upon purchase

Thanks!!