It needs pretty much everything done.
Stripped down to studs, although some work has already been done.
The roof is relatively new, part of the siding is new.
Has updated electrical service.
You could fix this up or tear it down to build a duplex.  There are new duplexes right across the street.
See pictures at:
http://picasaweb.google.com/cdetjens/5106ProckLaneAustinTX#
Since the house is not habitable, you will probably need cash for this deal.
Call Claude at 512-925-5147 to see the house.