Another possible 1st deal--please help!

[Dan Miller]

This is another call from one of my bandit signs in Washington, DC. It's an estate sale.

1905 rowhome, 3BR/1.5BA.
Owned free and clear
ARV: probably about $350-375
Repairs needed: uncertain, but lived in for 50 years, so probably needs significant updating (let's assume $50k)
Asking price: $235k
Area rents: about $2000

Really not sure what to do here. Please advise.

Thanks,
Dan