Downside to an apt. bldng with only 1BR units?

[Brandon Hobbs]

Looking at a smaller apartment deal in Texas that only has 1BR units.  What are some of the downsides to only having one floor plan and specifically 1BR units?  Here are some of the details:

16 units - 2 bldngs, 8 units ea

C class buildings, 80's construction, needs exterior and interior cosmetic renovation

Some deferred maintenance but nothing structural

Under market rents

Stable, solid middle class/blue collar secondary market

Out of state owner, property mismanaged by "on site mgr" who lives in one of the units