SFH vs MF is there a winner?
Hi All,
Curious how you feel about Multifamily (less than 8 doors) in the Indy market. Seems that SFH would be the way to go in general, due to the higher rents and the lower vacancy rate. With the low real estate costs here in Indy, it seems that MF would have a hard time standing out from Apartments. Curious if anyone has any strong preferences on this subject, or if this is purely a number/neighborhood choice for you all.
Maybe I'm biased, but I've always favored SFHs in my analysis, but i'm wondering if I should take another look at MF. Also read a recent article in IBJ about how Indy has a deficit of MF properties, and we'll need to increase them in upcoming years. Makes me wonder about the future of these properties.