Rehabbing would include floors, paint, possible/probable replace of appliances and washer/dryer, water heater. 

It dries out the seals on appliances like the fridge and makes them brittle

Updating it will attract better tenants, and that may lead to less turnover.I would look a new light colored cabinets, new countertops (preformed laminate, nothing expensive like granite) and new (or used) matching appliances for the kitchen.  

Does it need new appliances?

the rehab your describing in most markets would be 20 to 30k.. using nice cabinets slab granite .. good fixtures builder grade stainless appliances.. stuff you would do to retail the house.

Since I rehab all of the properties and put in new appliances, toilets and clean A/C units...I rarely get a call for anything.  

Or you can lease the machines or buy them and be responsible for your own maintenance and collection.https://www.energystar.gov/products/appliances/commercial_clothes_washers/commercial_laundry_route_operators_and_distributors

You may need to file a tangible personal property tax return for any appliances blinds furniture, ect in your rental.  

If this is the only property you'd like to have, then maybe you could also consider if you'd like to manage the property even late into retirement.Secondly, capital expenses will help you replace any appliances or big money items like AC units, water heaters, appliances, etc. in the future.

The buyer's attorney can write the form, and can send them to the seller/ seller agent for the seller to obtain.These are letters from each tenant affirming how much security deposit the landlord is holding, how up to date their rent payments are, and sometimes they define which appliances are the property of the tenant vs the landlord.This protects the new owner from claims after closing that the tenants had security deposits that didn't exist, or that they don't owe back rent, etc.