Real Estate Broker · Grants Pass, OR · Member since 2017 · 2 posts · 0 votes
I recently found a duplex in my area that is in very good shape. New roof, exterior paint, laminate, and carpet. Not too bad of settling throughout the house.
Only thing is the building was built in 1900 and my concern is holding onto this property for a while with the age.
This might be dependent on your market, so others in your area will likely have a better understanding of the overall impact on your investment. Here in New England, just about everything is that old, so it's just par for the course. I own a couple of these relics and would suggest running your analysis with a higher percentage for repairs and maintenance than you would typically use. I estimate 7-10% for R&M depending on the condition of the property just to be on the conservative side.