To Renovate or Sell - As is? That is the question...

I have a friend who received his family home after his folks passed a few years ago. It is quite old (circa 1942) and in dire need of some repairs (structural and some interior items). I informed him it was my professional opinion he should just sell it as is. He does not have the cash to perform the necessary fixes and I don't believe doing the repairs will really earn him more money if/when he sells it. He owns the home free and clear. It needs foundation repair (the house is about a foot off of ground and is slanted in certain areas); It needs drywall & ceiling replacement in at least 2 to 3 rooms; All of the flooring is in disrepair; Electrical repairs throughout; Plumbing upgrades. Just to name the basics. What do you think? Comparable homes in the area range from about 30-50K for same size/age. I think he shouldnt waste his time and money trying to fix it..but he grew up in the home and wants to make it look decent before he sells it.. Any suggestions, ideas...let me know! Thanks - Teresa