Old 3Unit and looking for advice

[Justin S.]

I'm negotiating a 3unit all 3 bedrooms built in 1840 and needs a lot of work and just had a skunk get in and sprayed in one of the units.  I'm going to do a construction loan at 5.2%.  Any suggestions on removing the skunk smell?  Any advice on buying much older homes?

Good deal or stay away?

Here are the details of the deal:

purchase price-$45,000

rehab costs-     $60,000

Gross rents-     $2,100/mo

taxes-               $3,500

ins-                   $1,000