Help analyzing quad-plex turn-key property!

[Amy Engelhard]

Thank you in advance for any advice!  I'm looking to do my first investment deal and want to make sure I'm asking all the right questions going into this.

Market:  Northeastern PA - Scranton.  

The property is a renovated 5,000 sq ft Victorian built in 1910.  The house has been converted into a quad-plex and is fully rented currently.  They say annual net income is $28k.  Asking price is $259,900.  Utilities are paid by owner (they haven't been split).  It is already being managed by a property management company and I plan on keeping it this way.  Property tax ~$2,000/yr.

The property is located in an area close to a college/medical school and 2 hospitals so I don't foresee any future problems renting it out.  That being said -  I don't expect any appreciation due to the area it is located.  Scranton is relatively stagnant if not declining as far as job growth/population growth.

A few more details that complicate / make this slightly challenging:  I am located in Portland, OR and the property of interest is in Scranton, PA.  Scranton is close to where I grew up and I still have a lot of family in the area including an Aunt who is a real estate agent, and an Uncle who is a fully licensed contractor.

Also financing- I plan on getting traditional mortgage with 20% down payment.  I assume this type of financing would be OK in this situation?

I definitely want to have a full inspection done and verify the credentials of the contractors who renovated this place. Any advice or experience on a deal similar to this is much appreciated!