Canarsie Home Price Offer?

The home I just made a post about is about 1500 SF. Two family. The rental brings in 950 a month. The house is listed at 485k. I noticed though that the house right next door sold last month for 300k (a foreclosure). Zillow gave it a price range of 400-500k. I wanted to know what you guys think of leveraging the fact the house next door sold for 300k. What would be a fair offer? I also know the house has been on the market for about 2 months.

By guikazoid |