Help evaluating 6 unit multi family deal

[Sixto Velasco]

I’m new to investing in multi-family commercial properties. I have a couple of single family réstale properties and looking to step up into MF space. Need help evaluating an opportunity to invest in 3 duplexes, 6 units total in downtown Pensacola, FL. Developer build brand new houses on same street as the duplexes mentioned below.

What do you think??

Price= $520k

NOI = $41,770

Cap Rate = 8%

Annual Rent = $55,260

Insurance = $2594

Taxes = $2607

Management Fee = $4421

Reserves = $1658

Maintenance = $2210

Duplex # 1 - 2bed/1bath - 1175sqft - Renovated

Annual Rent = $19,020

Insurance = $950

Taxes = $881

Management Fee = $1522

Reserves = $571

Maintenance = $761

NOI = $14,336

Duplex # 2 - 2bed/1bath - 1175sqft - Renovated

Annual Rent = $20,640

Insurance = $650

Taxes = $840

Management Fee = $1651

Reserves = $619

Maintenance = $826

NOI = $16,054

Duplex # 3 - 2bed/1bath - 1175sqft - New roof in 2yr

Annual Rent = $15,600

Insurance = $994

Taxes = $886

Management Fee = $1248

Reserves = $468

Maintenance = $761

NOI = $11,380