Thoughts on this 4-plex deal?

[Cameron Stahl]

Hello,

I am pursuing an off-market deal for a 4-plex. It's in a very rural area. The building was built in 1965 and was remodeled in 2011.

Seller is asking $300,000
4 units - 900sq ft each - currently rented at $700 per unit - Tenants pay all utilities except water/sewer which averages $250/month.
Insurance is $1,600/year and taxes are $2,600.

It makes sense as far as I can tell. Just looking for an outside opinion. There is a a little room to raise rents also ($800).