Historical Multi Family in Rhode Island

[Toni Bird]

Hello real estate friends and thank you for coming to my post! I have completed one deal- back in January and finally have my second deal under contract.... I is a good deal and I have it for sale for 230k and the ARV is about 350k, however I am a little unsure still about what to say for repair value. It is a beautiful historical home that obviously needs painting throughout, but is nothing crazy... the house really just needs some updating but is not in bad condition where anything would need to be renovated. How would you normally put a price on this? I have had someone tell me probably around 60k, but I want to be as accurate as possible. Advice?? Thank you again :)