Yes or no, should I buy this condo?

[Kristina Grande]

Thanks for reading! 

The opportunity is a 1 bed/1 bath condo currently listed for $43,000 and located about 75mins from where I live. I own a 4 unit multi (15 mins away) and another condo (50 mins away) already. The prospective condo was foreclosed on so bank owned (bank bought the property back at $52,020). There is a tenant in place who is paying $875 per month and wants to stay (HUD FMR is $898). Taxes and HOA come out to $450 per month. Property is assessed by the city at $56,300 (maybe the sale will trigger the property to be reassessed at closer to the sale price- common in my area).

I'm curious what everyone's thoughts and opinions are. I'd be paying cash and its been on the market for 15 days.