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Updated over 5 years ago,

User Stats

6
Posts
3
Votes
Mohamed Okasha
  • Rental Property Investor
  • Louisville, KY
3
Votes |
6
Posts

Buying a 100 year old 4-plex

Mohamed Okasha
  • Rental Property Investor
  • Louisville, KY
Posted

I just put an offer on a 4-plex in Cincinnati, OH. The building looks like it’s in good shape but it was built in 1924. Is there anything I need to worry about when buying an old building? Could it have any structural or foundational issue due to age? Would inspection be able to identify that?

Also, if I were to sell it in 10-20 years from now, would it be worth more or less than the current value given that it will be 110-120 year old building?

Thank you all and I appreciate the feedback.

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