Waco Texas Four Unit

[Benjamin Bennett]

Hey BP,

I am interested to hear from any investors in the Waco area who may want to offer their opinion on this deal. I have been brought a deal in the Sanger Heights neighborhood consisting of 4 total units:

- 1x SFH, 2200 sqft, 4/2, built in 1916 with an 800 sqft granny flat behind.

- 1x SFH, 800 sqft, 3/1, built in 1946 also with an 800 sqft granny flat behind.

All properties are in decent livable shape. 

Seller is asking $250K for all 4. Rent for all 4 units is currently below fair market at $2650. I'm seeing a huge spread in prices among comps in this area and am interested to see what some of you may valuate this at. Additionally I'd like to hear input on owning rental properties built in the early 1900s. 

Thanks in advance,

Benjamin Bennett