[Calc Review] Help me analyze this deal

[Nicholas U.]

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*This link comes directly from our calculators, based on information input by the member who posted.

This will be my first multi-family purchase and would like some input.  It is a brick duplex built back in 1890.  The roof and furnace are both brand new and the listing price is $89,900.00.  It is a 2 bedroom on bottom floor and 1 bedroom on top (with ability to make into 2 bedroom by finishing attic).  It is 2200 sq ft.

A few issues

1. The home still has some knob and tube wiring
2. Bathrooms need major update
3. Kitchens could use some updating but for most part ok. 
4. A lot of plaster/drywall issues
5. Currently using Window A/C units - not sure worth upgrading
6. Windows need replacing and needs more insulation in areas.

Talking to my property managers the average 2 bedroom runs between $600-$750 and 1 bedroom from $575-$650.  Most of the ones on lower end are not updated at all though.  I do think I have a conservative estimate of $30,000.00 in repairs.

Finally, the electric is not on separate meters so we will be adding on an estimated electric and water/sewage amount to their rent.  This makes it a bigger priority to insulate the home.

Currently, there are no renters either as it is just being used by the owner's son.

Look forward to everyone's opinion and feedback!