$400,000 Multi-Family in Central Jersey (worth it?)

[Max Cordova]

Currently looking at a multi-family property in the Central Jersey area.

They are asking for $425k for the property. 

It has 4 units (2 bd/1 ba)

Each unit can rent out for a minimum of $1200/month.

PROBLEM: Asbestos, mold, and lead in the building. Going to look at it this weekend and knowing this ahead of time and got a few documents from the relator about the condition of the home and it seems like it's in okay condition.

Knowing what I know, what is a good offer for this property? I will need to to a rehab into 20-40k range plus the asbestos, mold and lead., plus underground oil tank, too.

I would love to hear opinions and feedback.