Survey: What would you pay for this property?

[Shari Posey]

As a buy & hold property, I'm curious to see what various investors would pay for a 4-plex with the following monthly income and expenses:

Income $2750 (total from 4 units)

Property taxes $390
Actual utilities & general maintenance $500 (common area utilities, pool, landscaping, trash, sewer, common water)
Insurance $70

I am not factoring in property management--I would do it myself.
I'm not factoring in repairs because it has been recently upgraded (electrical, plumbing, roof, stucco, interiors, etc.)

Neighborhood is pretty good; a little better than average for the town.

So what is the most you would pay?

I appreciate your analysis!

[Michael Lauther]

Shari Posey The city would matter as well as where in the city. I would accept a lower cap rate for a property that had better appreciation potential and would look for a much higher cap rate if the prospects of above average appreciation were not there.