53k Duplex need advice
Alright, I'm currently looking at a duplex for 53k. Not to rough inside but it does need a new roof and gutters ASAP and Central heat and air installed. Windows need updated aswell.
Privacy fence needs panels replaced and the porch needs painted.
Currently rents for $825 a month total. With central heat and air $1200-$1250 should be easily done.
The current owner is interested in seller financing the deal or atleast part of it.
I feel as though I'll have close to 70k in at after all repairs and updates. It should definately be at $1200 then.
Does this sound like an OK deal or a pass??
Thanks.