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Sounds like an older building to me.
What shape is it in?
What repairs does it need?
How old are your renters and will they move if you raise the rent?
What's going on in the neighbourhood? Real estate wise?
I don't think you've provided enough information and details.....for me to give an informed opinion; but, on the face of it, it doesn't sound great.
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Raven
~RETIRED~
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