First triplex (owner occupant).. good deal?

[Tramaine Robinson]

Hello all, I just recently got an accepted offer on my first triplex and here are the numbers

Purchase price: $172k with about 9k down so a loan for

163k 3.875% interest

Payment including taxes ins etc: $1,315

Rents of other 2 units units: $1,375

This is an older home built in 1905 that needs some updating of the current units. However, they also have long term tenants whose rents are way below market. It’s a 2-2-1 (I’d live in the 1 bedroom unit) the 2 two bedrooms rents for $775 & $600 (market rent is closer to $850) so I know I can get the other unit up to about $750. This isn’t the best condition property however, they have long term tenants who seem to like it and it works for them. Also I dont think I’m looking to do to much to the property. It’s cash flowing the tenants seem to like it and I think if anything my initial goal would to be to save deep reserves for when things go wrong being that it is a older home. Is this a bad idea? I’m only asking because usually from reading these forums most are always redoing things to the properties where I’m more of the mindset of if the tenants like it I love it and don’t fix what’s not broken. With that being said as mentioned before I’d still build deep reserves (about 6-12 months worth of mortgage payments) however I’m looking at this property from a cash flow perspective. Also upon move out I know I would be able to rent the 1 bedroom out to around $650 (market rent is closer to $750) . Thoughts?