4plex too good to be true?

[William Donnelly]

Hello all, Im currently looking to break into real estate by investing in a multi family residential. I've found a fourplex of 4 town homes, 2B/2BA, in a decent location in Alabama listed for $220k. It has been completely remodeled with new cabinets, stainless steel appliances, carpet, paint ETC. It almost has that 'luxury' feel. Comparable rentals in the area are going for at least $750 per month. this appears to be a good deal and potentially profitable investment. The only catch is, all four units are currently vacant. Can anyone provide any insight as to why this property has been on the market for 4 months now, and is still at the original asking price? And why does this sound too good to be true? Thanks, SGT Donnelly USMC