I've seen too often someone buying a property because it's cheap and then are perplexed why their tenant pool isn't the upper middle class that they intended to get by popping some granite on the kitchen cabinets. 

They really are simple units.I would take care of vitals before you hit the popcorn ceiling and granite as well.

Its my feeble attempt to have a solid surface, better and more durable than laminate, cheaper cost than granite and quartz,,,less likely to see tenant trashed results. 

Look at your local granite cutters/finishers and you could easily get some Uba Tuba remnants for cheap (probably under a grand if you happen to find an installer on site if your lucky)Now take those costs and consider the potential to have to repair those appliances and if the numbers work , go for it.

If you gut the kitchens and bath and put in granite and travertine, you are not maintaining the property you are improving it.  

FACTS Available nowLease: One YearLot: 2,500 sqftPets: Cats, large dogs, small dogsLaundry: In UnitParking: Carport, Garage - Attached, Off streetMulti FamilyCooling: AvailableHeating: Forced airPosted: 9 days agoViews since listing: 1,283All time views: 1,49163 shoppers saved this homeRent/sqft: $1.06FEATURES Flooring: HardwoodHigh Speed Internet ReadyADDITIONAL FEATURES Granite countertopGuest parkingLiving roomStainless steel appliancesAPPLIANCES INCLUDED DishwasherFreezerMicrowaveRange / OvenRefrigeratorWasherROOM TYPES Breakfast nookDining roomFamily roomMaster bathWalk-in closetCONSTRUCTION Stories: 3Unit count: 2OTHER Built in 1925Floor size: 1,504 sqftLast remodel year: 2015Zillow Home ID: 2102043575I am looking into renting this property in a Rent to Own deal.

I'd try to get it for 145K and have them pay 3K CC, but I saw what they paid- so you may be stuck where you are at because they can't bring money to the table.I would add granite, backsplash and laminate to living room where carpet it...do it right away so you can enjoy it.

-Quartz instead of granite-Vinyl plank flooring over carpet-Stained concrete in main living areas/1st floors-5/8 drywall over 1/2 drywallIn addition to these changes I'm looking at keeping costs reasonable so I'm not looking at building iron fortresses!

I am also considering upgrading kitchen counters from laminate to granite.

In my opinion, and experience, people overestimate the value of granite, nice tiles, etc in terms of what the house is worth.