New investor wondering if this property makes sense? Found out needs $30,000 in repairs recently

[Asha Holly]

Hello

My husband & I are in negotiations and need some help deciding if this property is worth the money at this point. We learned that there are several things in need of maintenance that we were previously not aware of.

I am putting down 20%.4.375% on 30yrs for a 321,000 3-flat property. (Same one next door is on sale for 360,000 which I think is WAY to high asking price)

we are now not certain of the property we have been in negotiations with. For the reasons being. :

in need of replacement kitchen cabinets, all bathrooms rehab in near future (from 1960's, slightly response/painted since then) Totaling about $20,000-$30,000 kitchen & bathrooms for all 3 floors)

New roof in 10 years- $15,000. Still has old boilers (2). 1 new.($5-10,0000)