DM Specific Neighborhood Question

[David Hald]

Hey all,

I am not local, but I'm looking into the next step to invest in my first rental property in DM.

I am considering a property located on MLK Jr. between Forest and 19th.

I have put together my own list of comp rental rates for the area, but can anyone provide some more local knowledge into what income bracket this area usually falls into? Is this a Section 8 area? Or would I attract students from Drake Univ., which is quite near to the property?

I will of course run numbers on both ends of the range of my comps, but I am curious what the experienced folks have to say about this area.

This would be a full rehab duplex, possibly in need of foundation/framing work.

Thanks for any help you can provide!