COVID-19 paralysis , poor math and or fear

[Kwabena Collins]

Contemplating on an off market deal presented to me by my realtor. Property is a 6 units in Al. 3 units are currently rented with tenants paying $400 ( Rent after Reno in area will be around $650).  Negotiated price down to $156k for all 6 units. RENO budget per constructor $50K after walking through and inspecting the property. Numbers seem to be good but I do not want to use up all reserves in this uncertain time. 

My question this does this sound like a good deal?