Sounds like a good deal. A couple of comments in addition to what else has been said.
One thing I have found is that you should be able to get a reasonable handle on vacancy rates from a variety of sources, which is pretty important for determining whether you will have a stable cash flow from the property.

It is also handy looking at the kind of people that live around where this property is. By way of example, a few of my places are in regional centres where there is a high transient population which should translate into a healthy rental market for you (people are content to rent rather than buy).

Best of luck.