Anything wrong with this deal?

[Flavio Zanetti]

My partner and I are looking into this investment property... Initially, it looked too good to be true, but even after finding some hiccups, I still believe it will be a go - thoughts, comments, suggestions, concerns are highly appreciated! 

More details:

Asking price 600K - 6+ multi unit property.

• Gross Income: $93,300
• Total Monthly Rent: $7,775 (includes heat and hot water)
• Gross Expenses: $35,229
• Water and Sewer Expenses: $2,922
• Repairs & Maintenance Expenses: $6,511
• Insurance Expenses: $6,215
• Gas Expenses: $4,562
• Electricity Expenses: $946
• Taxes: 9432
• NOI: $53,406

Additional information:

Most rents are below market.

Gas furnaces and electrical systems were updated less than 5 years ago.

Roof is 10 years old.

Thanks in advance!

Flavio