Multifamily purchase advice

[AL Brown]

HELP! need some professional advise. I have my eyes on a 95 unit building. From the pictures the grounds look amazing and the buildings look great. They provide a few pictures of the inside of some units however there are 76 down units and the property is 8% occupied. Why not sure but will be finding out. Is it due to bad management, economic or area. Well from what I have done on my end as far as research (pending a response on my request from broker etc) seem to be in a very good neighborhood. So what could it be, management, economic growth in area or just owners who do not care. In any case this could be a cash cow for the price point which is just over $1.6 million. Is 76 down unit a major no no? I know that assuming $5-6k per door and $380k-$480 later not only will the value of the property go up but the NOI this could be churning based on my proforma due to vacancy and what the surrounding areas are demanding.