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Sell rental property to tenant or go through a realtor?

My wife owns a 2 family rental property in NJ that we want to sell, it was gifted by her parents about two years ago. Notice was given to the tenants to vacate by July and one offered to buy it for $400k. Zillow & trulia estimate it's worth $465k, redfin $505k, and realtor.com $549k.The tenant doesn't want to move and will buy the house as-is.

My FIL has been maintaining the property but he's tired of it, I've never actually seen it but he says it's in pretty rough shape and before getting the offer from the tenant said it should be sold as-is. It's 100 years old and he says the roof is getting to end of life, the plumbing needs to be replaced, driveway needs to be repaved, and everything about it is old and outdated.

Should we accept the tenants offer? Anything we need to know about taxes? I bought my primary residence 5 years ago but besides that I have no knowledge or experience with real estate.

submitted by /u/notpaulrudd
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source https://www.reddit.com/r/RealEstate/comments/ufay02/sell_rental_property_to_tenant_or_go_through_a/
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