This is an interesting opportunity. This is a solid house that needs work, with a full two-bay garage, and a garage apartment to boot. The home and garage are both structurally sound but the home in particular needs work.
To rent this property you can get away with a clean out, a new kitchen and bathroom and sealing the basement. The garage apartment is unfinished and would need everything to become a separate address. You really don’t have to put any work into the garage to use it and it even comes with some useful tools.
To flip this house you would need a new rood and windows, and perhaps central air as well.
If you stop by, be wary of the neighbor behind you as she will ask you what you are doing if she sees you. This has to be a deal at this price.