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Updated over 6 years ago,

User Stats

64
Posts
26
Votes
Rollan Dizon
  • Investor
  • San Jose, CA
26
Votes |
64
Posts

Duplex in Indianapolis- Good deal?

Rollan Dizon
  • Investor
  • San Jose, CA
Posted

BP Fam!

I am considering a Duplex in Indianapolis and wanted to get your thoughts.  Here are the numbers:

Purchase Price 89K

2x 3/1.5 1220 Square feet each

Fully Rented: Gross Rents 1300, 650 each

Fully rehabbed 

Market Value, 97k (But I am suspect of this, can't find anything in research to justify this price)

It is in the 46205 zip code "Historic Irvington".

Is this a good neighborhood? (I checked neighborhood scout and see high vacancy rates). Numbers are "ok". I am considering putting in an offer lower than purchase price.

Thank you for the feedback!

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