Cheap Tri-Plex w/ High Utility Bills

[Shaye Mora]

My godfather owns a tri-plex that he is looking to sell to me for a price of $65,000. The property needs roughly $15,000 in work, bringing the total all-in number to $80,000. The property is in a D class area and the tenants will not be the best, but it seems that long-term tenants find their way to his property. 

Total Monthly Income: $1,500

Mortgage, Taxes, Insurance: $540

Utilities (12mo avg.): $330

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Gross Income: $630 / Month (Not Including: Vacancy, Maintenance, or Management/CapEx)

Is this a property worth investing in?  

Is it worth dealing with horrible tenants in a bad neighborhood for the cash flow? 

Is it worth investing the money to split HVAC units in 2 units and increase cash flow?

Respectfully,

Shaye Mora