[Calc Review] Help me analyze this deal

[Chris Luksha]

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*This link comes directly from our calculators, based on information input by the member who posted.

I'm looking to get some input from those who are suited to give it.  This buyer wants $350k for the building and will finance $100k. I have no downpayment. I have been managing apts for a couple years now by way of repairs and carpentry, for other customers, but have no rentals myself.  

This property is in the town I live in (across the street from the house I just sold two months ago) so I know it well.  It has:

5 'rooms' with shared kitchen and bath, 

two apts, 

one basement storage area that he will continue to rent for at least 6 mos.

1 commercial office space that I am thinking of converting to 1/2 my office and 1/2 laundry room for tenants

All the units pay weekly which adds to the hassle of collection, but his past vacancy rate is approx 5%.

I am hoping someone can see something I am missing or ideas that might add to the income.  I put in management fee, but I will be doing the management to start at least.  It probably has about $15k in work to do over the next two years.

Any advice (run screaming/jump all over it) or ideas, are appreciated.  

Blessings,

Chris

Caveat: I haven't been digging into real estate for about a year now so I have a lot of refreshing to do.  I have been focused on my carpentry business.