Investment Property In bad neighborhood?

[Lindsey R.]

A property came up on my radar that requires a little tlc but otherwise seems to be in great condition.  The home is technically within city limits of a prime, safe, and stable middle class rental area, however it is on a main road across from what most would consider a very bad area - higher crime rates, and much lower income area.  The home needs a cash buyer and the sellers are strongly encouraging ANY and ALL offers.  My question: would any price point make this property a good investment or does the neighborhood it borders negate an incredible price?