Indy neighborhood advice needed!!

[Richard Covarrubias]

Hi there,

I'm looking at a turnkey duplex (2 bd, 1 bath each side) on the eastside of Indianapolis and was wondering if anyone knowledgeable can give me insight into the area in terms of crime, tenants and general comps. The seller is looking to get $87k, but I think that is a bit overpriced, and estimated rent at $700+ for each side. The duplex is off of East 21st St and N. Arlington Ave.

Thanks for any help in evaluating the neighborhood and the property!

Rick

[Paul Shannon]

Its not the worst area, but its not the best either.  C class properties. 3/1's in that area rent for $675-750, so I'd be surprised if $700 is what you'd get.  With a duplex 2/1, I think you'd be closer to $600 a side.