Is it still a good time to invest in an small multi family?

[Patrick Simmons]

I recently had a 5-plex under contract for $450k it’s a in a C class neighborhood in Tucson Arizona, cash flow about $3275 per month. Rent can be increased a little to $3700 per month.

I’m putting 25% down for this project, and have reserve to do a few updates so I can charge more rent.

Wondering if this is a good investment opportunity, or the market is too inflated now and it’s not a good time to buy.