1 bed/1 bath condo on market for 105 days. What should I offer?

[Whitney Payton]

Hi all! I have literally been burning the midnight oil trying to learn and find my first deal. Last night I came across a small 1 bed/1 bath condo near colleges offered at around 57,000. Price started at 82,000, but it has been sitting on the market for over 100 days. It needs absolutely no work and is rent ready. I am wondering how the owner might respond to an offer around 35-40. I know it's unlikely, but hey you won't know unless you try right? The unit seems to be in a great place... right near colleges, public transportation, and shopping. Not necessarily the best neighborhood, but I think it would appeal to college students. Thoughts?