We just bought them this past year, so not our doing. ) Anyways, I like the idea of providing entry way mats, kitchen sink mat, etc., to help protect the new flooring.

Bathrooms and kitchens have never been updated...I attempted to price accordingly for some equity knowing some improvements will be desired, but not a necessity.

Asking 180kARV (at best) is 225kRental revenue ~2300/mn,Property needs new roof, one kitchen and one bathroom.  

If you can get all of that to work on this property, then it may very well be a workable deal.Another thought, I would suggest doing more research on maintenance and capital expenditures.  10% monthly may be a decent guideline in residential SFR, but I would expect higher expenses in a triplex (think about it, 3 kitchens, more bathrooms, more doors, just more repairs needed in general, plus you're dealing with a lower economic tenant pool that can be rougher on the properties).Hope that helps.

I would expect to replace the kitchen, bath, flooring and paint.

The appliances and much of the interior was dated but still in very good shape.

SOW would be to change out the kitchen and bathroom fixtures, and possibly to finish out a roughed-out bath in the basement.Thanks!

Currently the kitchen has hardwoods and the living room is carpet so there is a break 3 feet off the island.

But, I don't think I really saw increased rent on those upgrades because 1) the kitchen also needs to be updated2) the bathroom wasn't completely remodeled so it feels a bit incomplete The kitchen is too expensive to remodel and update. 

I been a kitchen designer for 15 years, and 9 months ago I went freelance to have more time for my dream, which is real estate.