Buying 50-100 year properties

[Jak Dadi]

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?

[Account Closed]

I have bought several older properties. One of my best investments is a tax parcel with two homes built around 1910. Many of these homes have a lot of character and in some areas are highly sought after.

I personally dislike claw-foot tubs but they have certainly became the thing to have and are quite expensive here in Seattle. Well made Victorian homes do quite well and in some areas they just simply don't make sense as investment property not because people don't like them, but because they are priced to high to have positive cash flow.