I have inside information that just a year ago he had the whole interior redone including electrical & plumbing.

If the same tenant approval process and annual interior inspection process has been used there, it likely will need major work very soon also.

But you'll need to arrange someone to be there for access as gas and water usually won't turn it on when they come out if no interior access, and they usually won't give you a specific time so you're stuck there all day until they arrive. 

Walls Remove/treat mildew (per surface) $15.00 Repair hole in wall $55.00 Repaint (per wall/ceiling) $40.00 Doors Replace door (interior) $165.00 Replace door (exterior) $485.00 Replace weather stripping $25.00 Electrical Replace light bulb $3.00 Replace light fixture globe $20.00 Replace light fixture $65.00 Replace electrical outlet/switch $15.00 Replace electrical cover plate $2.00 Actual charges may vary based on condition, vendor and/or cost of materials.

Back to the appraisals: when I have a bland interior, the desktop might help with value, vs a newly remodeled house with snazzy kitchen, which has a higher value.  

The exterior of the house looks to be in pretty good condition, but the interior definitely needs some work.

Rehab the interior What was the outcome?

Repainted the interior of the home as well as the entire wooden deck outside.

Needs flooring, about 1,170 sqft, interior painting, can lights and some drywall work from water leak a while ago, no moisture issues at all, originally built 1963.One contractor estimate that I know about is in the mid $70,000s if paying cash and another in higher $80,000s (no discount for cash provided).

Which allowed me to FINALLY get a deal under contract. 28 Units, 1 and 2 beds.PP: 1,650,000.00 @7% capARV: 2,500,000.00+ I will be renovating most of the interiors, and some exterior cap ex work.