Is this deal too much for me?

[Christopher Meaker]

I'm 21 years old and I have been searching for awhile for my first deal but it always seems like something is coming up and delaying things. I recently came across a 68 unit apartment complex (48 apt. 20 Condo)
with an asking price of 3.2m. I feel like its bigger than your normal first step and its almost common sense to think its too much and I shouldn't waste my time even thinking of it. But if the numbers all make sense why not right? Below are the Numbers I've gathered:

48 APARTMENT COMPLEX – PARK LANE APARTMENTS

20 UNIT TOWN HOUSE COMPLEX – NORTH COLONY TOWN HOUSES

202 – 208 NORTH MAIN ST., NORTH SYRACUSE, NY

PARK LANE APARTMENTS

16 ONE BEDROOM APARTMENTS

32 TWO BEDROOM APARTMENTS

RENT INCLUDES HEAT AND HOT WATER

LAUNDRY ROOMS – 8

NORTH COLONY TOWN HOUSES

20 TWO BEDROOM, ONE AND ONE HALF BATHROOMS

BASEMENTS WITH WASHER/DRYER HOOK-UPS

TENANTS PAY ALL UNTILITIES

WATER IS SEPERATELY METERED (TENANTS COULD BE BILLED FOR USAGE – NOT CURRENT POLICY)

CONDITION OF PROPERTY:

PARK LANE:

ROOFS NEED TO BE REPLACED

WINDOWS NEED TO BE REPLACED

NEW BOILERS WERE INSTALLED IN 2009

DRIVEWAY NEEDS TO BE RESURFACED

ALL APARTMENTS AND COMMON AREAS ARE IN GOOD SHAPE

NORTH COLONY:

ROOF WAS REPLACED IN 2009

WINDOWS WERE REPLACED IN 2009

DRIVEWAY NEEDS TO BE RESURFACED / REAR OF BUILDING NEEDS PAINTING

FINANCIALS:

OFFEERING PRICE $3,200,000

REPAIR INVESTMENT FROM SELLER $200,000

-SELLER WILL GIVE BUYER $200,000 AT CLOSING FOR ABOVE LISTED DEFERRED MAINTENANCE ITEMS

PROFORMA P&L - MONTHLY

RENTS @ 100% $44,000

LAUNDRY COINS $1,100

MONTHLY INCOME $45,100

EXPENSES

MORTGAGE - $2,560,000 @5.5% FOR 25 YEARS $15,721

PROPERTY TAXES 9,700

PROPERTY INSURANCE 1,600

ELECTRIC & GAS (2013 ACTUALS) 1,700

WATER (2013 ACTUALS) 1,300

VACANCY ALLOWANCE – 8% 3,550

ALLOWANCE FOR MAINTENANCE 2,500

($36,071)

NET MONTHLY CASH FLOW $9,029

17% RETURN ON INVESTMENT OF $640,000

A few things to note. I am aware these numbers are ProForma and I will be doing my due diligence to get proper records but I believe the numbers show promise and deserve to be looked into at the very least. I have visited the properties and even managed to get into one of the condos as well as spoke with several residents and everything stated above in regards to the maintenance and rents seems to be true and he left nothing out that i saw on my first run through of the property but I would obviously have it properly inspected beforehand to make sure.
Also is there anything I am missing and should have asked the seller for? I am kind of stuck at the moment with how huge of a move this could be for my career however I don't want to get caught up in what could be and miss something. Any advice or tips from anyone would be greatly appreciated!