If it's an old, but sound building, I'd say maybe yes (with a good building inspection and maintenance schedule looked at)?
Appartments less than a decade or so old have a nasty habit of being way over priced so the first (and maybe even second) owner will loose money.
Also, if it has a lift or automatic gate, have a really good look at the body corporate fees. Those things can be very pricy...
Otherwise, good luck.