Near-Campus (Kirkwood / Indiana Ave)

The core student-rental zone steps from Indiana University and Kirkwood Avenue, where per-bedroom occupancy permits and 40,000+ students drive near-zero vacancy and the city's highest gross rents.

Pricing is set by occupancy-permit count, not just square footage - verify the permit before underwriting. Student tenancy means turnover, summer cycles, and heavy wear; needs calendar-aware management.

Cash-flow investors who understand per-bed occupancy permits and want the deepest student-rental demand in the state.