Evaluate my Multi-Family Deal, please!

[JJ Mayer]

My 3-person team has 3 SF cash-flowing properties, but we are still really novices.  We are looking at our first multi-family/apt deal, but this a bit new to us.  Does this look appealing?  What questions should we be asking?  Any advice is totally appreciated.

• Purchase Price $429k with 20% down ($85,800)
• 2 All Brick buildings with shared parking lot; built 1970
• In total, there are 9 2br/1ba units
• Fully rented
• Annual income: $65,300
• Annual expenses: $26,900
• Net income: 38,400

Thanks!

JJ