Deal or no deal?

[John Warren]

Hi BP community! 

I have what I think may be a deal, but I would love your feedback. I found an off market duplex/triplex in an A neighborhood. Here are the pros:

-it may be considered a legal non conforming triplex. I am checking this.

- the location is AMAZING! And it has a garage which is rare. 

- the exterior needs very little work.

- the rents will be very high. 

-a possibility for some serious appreciation 

Here are the cons as I see them.

-it was built in the 1880s and has lots of old plumbing and electrical. 

-the two units upstairs need some reconfiguration and all three kitchens should probably be replaced.

-I am estimating around 50 grand worth of stuff that would need to be fixed in this place. 

So what do you all think? This would be my second deal and my family would be occupying one of the units. There is serious potential at the right price!!!