Looking for Advise, 4 Condos, 32,000 a year income

[Bil Casimir]

Looking for advice from the BP community. I have never purchased condos but I am thinking about this opportunity. Any advice would be great.

4 total units for sale
Three Units: 2B/2BA - 1,424 sq. ft each
One Unit: 3B/2.5BA - 1,720 sq. ft.

2B - rent for $650 each (can rent up to $700)
3B - rent for $750 each (can rent up to $850)
Minor repairs needed

Total Rent Per Month- $2,700 ($32,400 yearly)
Asking Price - $99,500
Gross Cap Rate - 28%

Property Information:

Glenwood Village
4 units all in the same Building
Building G Units 1, 2, 4 and 5
HOA - $221.25 per unit (covers trash, water, grounds and outside lighting)