Investing in a 3 unit.. Good city but bad location?

[Andrew Michaud]

This property is a 3 unit apartment in excellent shape. All the major repairs have been done. This deal would be a private sale. I was able to talk them down to 60k, and after all expenses and debt services I will be profiting 9k per year.. numbers sound great to me but I am uneasy on the location. Its in a good city.. but it is 8 miles out of town, in a quiet area, but right next to a run down trailer park. Should I make the move? Everything works except for location.. But I have seen worse areas. Thanks!

[Jason D.]

I would say be careful. There are two things they say about real estate.... Location is #1, and number 2 is to buy the worst house on the best block. It seems you are breaking both of those rules