Analyzing a Property

[Tony Stancato]

I found an interesting property. On Zillow it's listed as a 4 bed 2 bath with 2,000 square ft. Closer look the description is 2 bed 1 bath home with 2 bed 1 bath apartment. It's listed for $90k. It does need some work. The cheapest rent I could find in the area was $695 and that was for a 1 bed 1 bath. 

The price per square ft is significantly cheaper than the other properties in the area. Seems like there could be an opportunity to rent them out for $700 - $800 per month. 

What else should I look at to analyze this property? It seems like it could be a property where some value could be unlocked, whether keeping it as two living spaces or moving it to one.