Well performing note/deed

[Eric Giovannucci]

I was scanning craigslist for some deals, and made a few phone calls to see if I could arrange a seller financing deal on a 4 plex.... and it had already sold (darn) 

However, the seller offered a wonderful deal that I wanted to see if it is as good as it sounds. 

Price: 117k Cash price 

4 properties all set up as owner financing

Located in the mid-west 

All notes all well seasoned (6+ years of payments) and are yielding 12% in pocket. 

I suppose I just wanted to see what everyone's thoughts were on this type of deal. Is it common/uncommon, is it a great deal or just along the mid-level line? If you'd like more information on it please pm me.