Old Multi-Family Investing

[Hao Liu]

I am about to purchase a few 4-plexes which are really old. They were built in the 1920s. They are in OK conditions. Previous owner did some repairs, but not inside-out remodels.

These 4-plexes are in good location and the rent has been rising at least 4% per year for the past 4 years. I am planning to hold these for long term, probably 20+ years. Any concerns that I might have missed for these old houses?

The properties are in Oklahoma City area, if that helps.