Duplex for sale in San Leandro CA

[Amery Castaneda]

Hello All,

I'm hoping on here to ask some questions regarding a situation I came across with. I have a family member that rents out a duplex he has been notified that the owner wants to sell the property. Not sure what the condition of the other duplex is but the duplex where my family lives in needs work done its a 3 bedroom and 1 bath. It needs a whole new carpet and the kitchen needs to be remodeled for sure, it probably needs new windows as well. The backyard is near Bart train tracks so it will need a new fence to block from outside viewing inside. The bathroom was recently remodeled. This duplex will be going up for sale around 700k. 

I'm new to all the investing stuff have no properties but want to jump on this deal with my husband and my uncle that rents out this duplex. This deal is not on the market yet. However, I don't think the price the seller is asking for is good for what the duplex needs to be repaired for.

Any suggestions on how to handle this? What will be my best route? Me and my husband have gotten pre-approved for 550k. The seller is an elderly lady that potentially wants to sell and get rid of home. There is a tenant already on the other duplex. 

Should I get and appraisal to see how much the duplex is really worth then submit an offer after the appraisal?

Everyone is welcomed to comment thank you!