If the apparel store goes out they are often on vintage leases with rents below market even for that box size.Dollar Stores maybe 10 to 15% have upgraded construction all brick in urban core to suburban areas.

The ongoing repairs and the capex will be the killer to the cash flow.I think you should research heavily the vintage of the 20's for all know issues.

I encounter this vintage and condition of wood cabinet frequently.

In terms of rents, I've been looking in some of the "trendy" areas of town, where it seems like people are actually willing to pay a little more for a unit with some vintage characteristics like original hardwood floors or exposed brick, etc... rather than a place in a newer 100-unit apartment building down the street with laminate flooring and smaller rooms.

I suppose there might be some with basements that would look that way on paper (that vintage doesn't have egress windows in the basements).

I’d like to set-up a remodeled vintage camper in my courtyard between the two houses and do a vintage themed Glamping  Air Bnb.. preferably with professional management.

Have to make sure rents are accurate and if security deposits are held and that there are no rent credits for the first months signing etc. which brings down the actual rent.I would want to know the vintage of the tenants and turn ratio as well.I see this a lot where the seller has been sucking out the cash flow for years and now big expenses are coming and they want to sell before that happens.

So take that into account if you plan on holding the property as a rental and considering it is not a single family home.All in all if it was me, I would keep it, refinish as much as possible to keep the vintage charm but make it look new, clean and quite honestly..... a focal point in the unit.

I'm kind of leaning towards first reply, just junk it and get a top hanging slider. trying to save outdated and vintage mechanical trinkets is a lesson in futility.

@DongHui Patel that will vary greatly based on the property size, vintage and local market.For certain markets, you can buy data (from Axiometrics, etc) that shows the average expenses by property size and vintage.You can also ask the local PM companies you plan to engage.What size property is this?