Why is this not a good deal?

[Parul S.]

I'm trying to get better at gauging why certain properties have not been touched by buyers, and sit on the market for 9+ months.

I found a multi-family listed currently listed for $57,000, that has been on the market for the last 9 months, and reduced its price by ~2% every 3-4 months.

It consists of 4 units rented with $1350 total income. All units are 1bd, 1ba. Back 2 units rent for $300 front units rent for $375. 2 separate buildings - front 900 sq ft, back 2 are 576 sq ft.

My question - if the rental income is accurate, why is this still on the market even though it meets the 2% rule? Is it because of the pains of renting 4 separate units, implying more vacancies, more work/property manager fees to keep them rented?

Thank-you!