On the fence about this Multifamily

[Sean Kuhn]

I've only purchased single family homes thus far and I am not experienced in multis. Do they have similar ROI as SFH? I have one 4 unit I'm looking at. Its in a great area, which is important to me. Its solid brick and needs very little work. Its a three 2/1 and one 1/1. My only problem is taxes seem somewhat high. 9300 a year. Gross annual income is 36,840. Expenses are taxes, insurance, utilities, and garbage which nets income down to 20,535.38. The listing price is a little high in my opinion. 285k. If I did the math right that brings my ROI to 7.2%? My SFH get 10-12% easy and I'm wondering if this is typical to get lower returns in multifamily? For me personally I would still accept the lower rate as I believe the relative maintenance is lower on the Multi and higher on SFH which would lower my rates on my SFH and raise it on my Multi over time?

Questions? Thoughts? Am I wrong on everything here as I'm still new to this.