Indianapolis Property great for short-term rentals
I have a residence with a separate apartment that I rented on Airbnb (perfect set-up). The most full year (we travel a lot) grossed over $30,000. With some slight modifications to the main house, I think it could easily be two more units that are much more profitable than the apartment. 5200 total sq ft. I'm thinking $110,000/year total income. It is in a great location just north of Broadripple. The neighborhood is quiet and has no HOA. The property is on a pond. There are 2-car and 4-car attached garages, so plenty of parking. It has been totally rehabbed.
We need to move out of state to be closer to my wife's ailing parents.
How would I go about marketing this property as a good investment potential?
How much should such a property sell for as an investment?
I am new to this forum, so any feedback would be appreciated.
Thanks,
Steve