Single Family Home With no room for flipper but may be good for a Buy & Hold Investor

[Darrell Jones]

Hello all, I recently came up on a lead and did a walk through on  a single family 4 bed 2 baths Colonial built in 1956.  It's in pretty good condition but needs a few contemporary updates inside, but that's just my opinion.  

The owner and her brother lives there and seem motivated to a certain extent to sell but she owes 130k on the mortgage and wants to sell to pay off mortgage and make more on top to move somewhere else. Based on my research, the ARV is right around $165,000. The repairs that would have to go into the property are maybe around 10 to 15K. The roof and siding are in good shape so that's a major plus. But it needs new carpet updated fixtures in the kitchen including sink, floor, cabinets and counter tops and possibly fresh paint throughout.

I don t believe there is any real room for a fix and flip investor to come in and make a significant profit.  So my question is should I try to find out what this property could rent for and wholesale it to a buy and hold investor or leave this property alone and move on?