What is the Magic Number for a Six Unit Property?

[Myres McDougal]

Hi Everyone, 

I keep watching this property, a flipped six unit apartment building in Arvada. The price just dropped but still is not making the cut when I run the numbers. I though it would be interesting to see what the community thinks the right price is for the property?  And what would you rent the units for? Also, I noticed a little red flag that may effect future profit? Do you see it or any other? 

7700 W. 68th Avenue Arvada CO 80004. MLS # 3999671

Price $1,675,000.00   

Assume 80/20 % Loan

Tax (Realist Tax) $4186 -2020