I am planning on 3-4K for exterior and interior paint, 3k for flooring, 4k bathroom remodel, 2K to paint the kitchen cabinets and install new counters, and then 2K for Misc items.

Interior wise, the common area needs painting and new carpet.

My understanding/impression is that most of the 15 tenants are in the 700-1500 sq ft. range with the largest space being 2200 sq. ft.The Office Submarket looks as such: Flat capital growth and lease rate growth since the recession13.7% average vacancy rate in submarket 3 star (10.9% across all level properties)Availability rate 13.9%12 month net absorption SF 227kAverage 12 month sales Cap 7.7% (across all star properties)0 new properties under construction or to be delivered in the next 12 months Average lease rates are $22-24 sq. ft (this property is about 21.5-22)Value add (seems to be a stretch but might be):Upgrading interior hallways and exterior for a broader appeal and capital appreciationOffer basic build outs to interested parties (not something the current owners do) Working against the office submarket in North NJ is a declining population.and high property taxes but the 2 star being at the bottom may be better equipped to handle stagnancy.This building is on main road with a15-17k car count a year/ does provide signage is near retail and less than a 1/5 mile off a highway exit and is close to a city center.  

But if you're 10+ minute drive from downtown - you might be able to double -- but then you have to draw guests to your listing with a catered experience, and great interior styling. 

I had no idea what I was doing and put up interior door trim instead of proper shingle molding...yeah, it didn't last long.

I wondering if a subscription service to unlimited interior design consulting with a pro would be valuable for around $69-$99 per month. 

The HOA has control over interior finishes? 

So we have no interior pictures to give an idea of number of units, no current lease rates, cap rate, etc.

The EXACT same house layout, but upgraded exterior and interior, sold in the lot 15 ft to the North for 96k last May.

I suspect it might be the reason they are selling but I might just be paranoid.The email said "I spoke with the listing agent and she said that the tenant hasn't been very responsive for showing so you would have to writ an offer subject to interior inspections.