1 bedroom rental demand in Indianapolis
What kind of market rental demand there is for 1 bedroom units in the Indianapolis area? There are some potential opportunities out there, however, I'm a little concerned about the tenant pool by limiting myself to units with only 1 bedroom. I would love some input from those in the area on what you are seeing...
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@Scott Passman I have a few 1 beds. The rental range depends on where the unit is located and what finishes you add to the units. As far as demographics, I've typically seen single folks or older couples who downsized. Older couples don't move as much but the younger single folks tend to move out because of a new job or marriage or buying a new house etc. I'd recommend staying away from high crime areas as far as 1bed duplexes go. There are quite a few of them on market.