I've been working to improve it.

How fixing the price at some arbitrary level will make that improve is totally beyond me.

Although, with no stated improvements or closing costs, you have a very small cash outlay. 

Your cost, purchase price, closing costs (twice to buy and sell) you cost of improvements, your holding costs, financing expenses and taxes need to be looked at with your expected sale price to find the profit.Equity is not created by buying cheap, saying you made XX$ on a deal, that is guru accounting stuff, equity can only be shown within a year of your buying it by selling it, after a year, you can use its current market value or appraised value, that value less your costs will be the equity gained (or lost). :)

There are very few places in Albany where gas is not available, its just a matter of installing it in the building and the demo along the way (usually the worst part).Energy audit may help identify some improvements but they will still be additional investments into the building to fix what they find (not always smart since the tenants are reaping the rewards) and it just comes out of your cash flow which is already very lean.

We planned on getting in and making significant interior and exterior improvements.

If it ends up being close err on the side of putting more money in your clients pockets(selling as an agent) vs. short-term upside for yourself.Also marketing the property it's current condition could help you identify what buyers are looking for in terms of improvements.

48 hr action taken as promisedthis is my first property I have ever analyzed & I dont even know if I have done it correctly, some input of data was guestimated, but I guess practise makes perfect.I wud appreciate any input to improve, feel free to, please keep it simple for me as I am a beginner & am still having to google what the abbreviations mean on most termonolgy.This took me hours and hours, alot of info I am trying to find for my data entry either took me forever to find or u had to pay for the info :-/So a few questions?

Values have gone up a lot but rents have not improved much.

How are you going to pay for improvements?