To truly get the best yield this home will need some upgrades.I believe the way to achieved at least $162K would be to enclose the carport and create a two car garage.

Hello Dante,As we research a potential area we normally assess employment opportunities, public transportation, and shopping convenience. 

This applies either to the costs for enclosing a carport or building an entirely new garage onto the property itself.

Maybe enclose it and decorate around it.  

Hauling off debris may require permits, to obtain those permits the transport may need licensed haulers.

It sits on 2 major transportation arteries, with a river along one side, not to mention a university in the middle of it.  

It's near a rough area but this is definitely a better part as it is a couple minutes from public transportation train (Greenville part of Jersey City for those who are familiar).

Generally the converted space isn't that great and reclaiming a enclosed garage I believe brings greater value.If you do so how will that impact the square footage and value?

The gas range is butted against the wall and creating a burn mark on the wall.Patio awning needs to be replaced.New exterior doors.New garage door.Some concrete/brick work around the front steps and in the driveway.Replace glass in window on enclosed porch.The owner does not currently have a mortgage and is looking to relocate to California in a couple of weeks.

I also schedule pick-up of the mailers when I'm working with sellers with transportation or scheduling challenges.While using escrow instructions in CA is common, I don't recommend it.