Making an Offer on Older Multifamily

[Davit Gharibyan]

Hi fellow investors. I have a silly question. I have been shopping quite a bit older apartment buildings (60-70's). Many properties have outdated kitchens and bathrooms. The units are still functional but in serious need of updating. My question is, if for example I am going to spend $7,000(price can be anything) per unit to update, would I factor than cost into the offer? On one hand the cabinets and bathrooms still work and not broken, but on the other hand they're super old.

How would you go in this situation?