Could use some help analyzing 5 unit multifamily deal.

[Tony Pinckard]

Hi guys, would love some thoughts and advice on a deal I am looking at.  I currently own 2 rental properties as well as my primary residence.  The two rental properties are both single family houses.

The deal in question is a 5 unit multifamily located in central Arkansas.   Much different than what I have dealt with thus far and frankly pretty intimidating to me personally.

Anyways the asking price is $270,000.  All units are 2 bedroom, 1 bath.  4760 square feet all told.  From the listing it seems three of the units are rented out at $600 each with the other two units vacant and under a remodel.  The listing says remodel material conveys with purchase.  The proberty has been listed for over 6 months.  I would be using my current property manager at 10% of total rent.

I would really appreciate any advice on what would be a good price point to make this a successful deal.  Thank you!