5 Plex for 1st Investment Property - Small town

[Bradley Sindt]

First post. 

A 5-plex is for sale in my hometown and I'm a beginner real estate investor. This particular property has been on the market for almost a year and just within the last month, the owners wife has passed away and I've been told the owner wants an offer so he can retire from the rental world. This property is fully occupied and nets a profit around $1450 a month and around $14,500 a year. The town it's in is around 1,000 people and rents range from $250 -$450 a month. (There's one 1-bedroom apts. and two 2-bedrooms) I'm going to look at the 5-plex tomorrow and I'm just curious what I should be looking out for and if that income would be worth taking the risk and responsibility. I am in a position to be the landlord and fix most anything that comes up, as far as fixes, etc. Based on the pictures, the appliances are very outdated and if I could come across used appliances, they would be an upgrade from these current appliances. The asking price is $164k but with this property being on the market this long, I know that I could potentially get it for under $100k. My family is even somewhat familiar with the owner. Based on the numbers, is there anything that I should be aware of before viewing the property tomorrow?