Indianapolis Investors - What do you think?

[Daniel DiChiro]

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I am curious to know what you think...

1. I like this general area, but we all know Indy can be street-by-street. Would you buy on this block?

2. With >2,000sq-ft looks like great opportunity to add a couple bedrooms and turn this place into a 4bed, 2.5bath. What is the ballpark estimate for rehab costs? My guess was $20k, but that seems light. Anyone have a better guess?

3. ARV = $150k seems reasonable. Do you agree?

[Anastasia Gamino]

If you are looking in C class areas, I have found it easier to self- manage than our near eastside property.  For Indy C class, it's one of the better neighborhoods in my opinion.  Like I said with the Central State Complex right adjacent to Hawthorne, I believe property values and the neighborhood will continue to go up.