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?