Historic Duplex

[Luke G.]

Looking at a off market 100 year old duplex in a gentrifying area of Nashville that the owner approached me about. 3 bdrms a side rent for 550 a room for a total of ~3200/mnth. Obviously this place has a lot of curb appeal, which would help it rent easier.

1.) Trying to access what kind of additional cap ex I should expect with a property that old. Maybe 20% capex?

2.) Really hard to find comps, what's the best way to come up with a value. In the absence of available comps is there any rule of thumb for adding value when comparing a historic home to a newer home. Like add 10% to the value of the comp?