University Of Indianapolis - Investment Worthy?

[Andrew Bonar]

Hey BP Rockstars,

I would really like to know what some fellow investors think of the area close to the University of Indianapolis. The area of focus is the housing between Shelby St., E Hanna Ave., and Carson Ave. Pros/cons of this area, Is area declining, stagnant, growing? Neighborhood grade? Any sweet spot streets? I'm a buy and hold investor. Would love if anyone knows what the typical home value is in this area for 2 beds and 3 beds, 800 - 1,100 sqft. Looking forward to some good response. Thanks!

[Reece Iovine]

I also own a property in columbus on OSU campus. It cashflows a ton, but keep in mind you will have unit turn almost every year and you are at the whim of the university.

Like @Steven Foster Wilson said OSU has asked students to refrain from signing leases till next year. This is obviously concerning for landlords and might be similar in your makret.