Help Analyzing this property

[Mike Simon]

Hi everyone, 

I'm new to investing and was wondering if this would be a good deal to pursue. 

Price 450,000

Cap rate on listing is 13.35%

Taxes 15,700

Annual Gross rent 81,900

8 unit property

        4 commercial units (2 restaurants, 1 liquor store, 1 mechanic which uses the garage)

        4 residential units (2 units are 1bed/1 bath, other 2 units are 3bed/1bath)

The property is right off a main road with the train tracks to the side of it C class neighborhood 

The property will need renovations, roof was done this year

All units are rented and have been long time tenants 

This would have to be a cash deal and was thinking about getting a hard money loan to secure the property and refinance out of it. 

A 100 unit apartment building is being built 1 block away, where a 1 bedroom will be $900 and its 5 min from the beach and university.

This is how far I got with my analyzing.

Thanks,