Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 14 years ago,

User Stats

100
Posts
14
Votes
Jak Dadi
  • Real Estate Investor
  • Saratoga, CA
14
Votes |
100
Posts

Buying 50-100 year properties

Jak Dadi
  • Real Estate Investor
  • Saratoga, CA
Posted

I am almost at a point of 100% occupancy for my existing multifamilies and itching to buy more. A property I am looking at is an 8 unit in CA, asking for $400K, rent roll of $4800 AND BUILT IN 1910.

Building Amenities and Improvements include a New Concrete Driveway, New Stucco and Exterior Paint, New Main Electrical Panel and New Roof on Rear Building and New Mailboxes.
All units have New Cabinets, New Counter Tops, New Windows, New Tiled Kitchen and Bathroom Floors, New Pergo/Laminate Bedroom Floors,New Electrical Wiring including New Sub Panels w/ Breakers and New
Plumbing. Other Improvements include 6 New Gas Water Heaters, 6 New Gas Wall Heaters, 4 New Stoves and All New Refurbished Refrigerators

The BIG question is would you buy a 100 year old property, despite all the changes above? It appears that maintenance would be relatively low due to the recent upgrades, but would I be able to sell this 10-15 years down the line?

Loading replies...