Rental property just south of Bates-Hendricks

[Halle Hill]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $137,000

This 2bed/2bath rental property is in an upcoming area just south of Bates-Hendricks in Indianapolis. It was fully renovated when purchased so little work had to be done. A washer and dryer were added but all of the other appliances were already updated.

Lessons learned? Challenges?

This property was listed a little earlier than the prime renting time so it took a couple months to find a tenant.
Because this property sat vacant for a couple months, it was broken into and appliances were stolen (refrigerator and washer/dryer - all brand new).

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Amy Spillman was the real estate agent for this property. Great agent to work with!!
T&H Realty manages this property. It took a couple months to find a tenant.