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Updated over 1 year ago,
Wood home built in 1946
Hello, I found a conforming multifamily near where I live in south Florida, priced as a triplex. So at first I thought it was great. Only, I noticed that it was built in 1946 and it’s a wood home (not just wood frame).
I have not done an inspection, so I don’t know if it has termites or electrical or plumbing problems, but I wanted to ask you if you would think it’s a good deal. I plan to hold it long term, so I wander what kind of repairs it will likely need in the next 2-3 decades. I am not an expert in repairs, so I would need to hire plumbers, contractors, etc. to do all the work. What do you think? Thank you.