Is this a good price on a 3 unit? B class area

[Andrew Michaud]

I am looking at a 3 unit apartment building. All units full, long term tenants. Asking 75k, talked them down to 60k. Tax value is 75k. Income is $200 per door after all expenses including mortgage. Interior the units are in decent shape. Could use some upgrades in places. I would say $1500 per door in interior updates. The exterior on the other hand.. old cedar shake siding looks rough, needs a new roof.. windows and doors are pretty old. I am a building contractor by trade and I would estimate about 15k in materials before my time put into the place to fix it up. 60k + 15k + 1500x3 = 79,500. Lets say I have 80k into this property. Is it still worth it? Numbers all work great as far as income. Locationis great. Just unsure if I am investing too much long term on a 3 unit. This work doesn't have to happen tomorrow, but within thw next couple of years for sure. Up side to this is that I feel that I have a lot of room for forced appreciation and could get all of my money and some back in the future.