Should I buy?

[Billy Guyette]

I have a 4-plex in Montgomery, Alabama that I'm seriously looking at but reluctant to pull the trigger. It's    currently off market but the owner has agreed to sell it to me for $83,000. It's currently in disrepair and will  need roughly $130,000 to make rentable. Each unit is 1 bed 1 bath and because I have other units in the area, I know I can easily get $600 per unit. So I'd be all in at $213,000 with gross rent at $2,400 per month. Does this seem like an okay deal? I know it's not the best but because of the area it would be a solid buy and hold.