Too good to be true?

[Joshua Feit]

I know nothing -- so I am assuming this deal is actually too good to be true. But I am posting it here to see if I could somehow be right that this is pretty sweet.

Set of Downtown Atlanta Townhomes For Sale

Not the nicest neighborhood, not the worst -- lots of newer construction / single-family homes in the immediate area.

Purchase price $250,000

Price includes 10 units (each 2/2).

Built in 2008, no renovations needed (so the owner claims).

Hardwoods, granite countertops, stainless appliances.

Rents are 8-900 / unit.

Currently 80% occupied.

What do you think BP experts? Is this awesome, or is there something glaring that I am missing here?

Thanks for the help!