Figuring out Offer Price

[Michael Sokolski]

I'm trying to figure out what my offer price should be. I came across a Bank Owned house. It's a legal 2 family that needs a little updating. Here are the details:

The Asking price is $229,900
Taxes are $6595.00
Apt 1 - Lr, Eik, 2 Br, Fbth (Average Rent - $1200 - $1400)
Apt 2 - Lr, Eik, Br, Fbth (Average Rent - $700 - $900)

Bank wants buyer to pay transfer tax.

I have no estimate on repair costs since I haven't actually seen it or had an inspection. I'm just trying to figure out if it's worth the trip.