319 S Randolph St, Indianapolis

INVESTOR ALERT!! MASSIVE PRICE REDUCTION!! Turnkey, fully furnished, and already cash-flowing—welcome to 319 S Randolph St, an exceptional short-term rental opportunity just east of downtown Indianapolis. This stylishly renovated 2-bed, 1.5-bath ranch boasts 952 sq ft of living space plus a detached 2-car garage, and is nestled in a rapidly revitalizing neighborhood just minutes from Fountain Square, Mass Ave, Lucas Oil Stadium, and the $600M Community Justice Center. Professionally decorated and packed with charm, the home features original hardwood floors, exposed brick accents, an open-concept layout, and a fully fenced backyard. Currently operating as a short-term rental, this property generated over $41K in gross revenue in the last 18 months across Airbnb and VRBO, with average monthly revenue exceeding $2,300 and low operating costs around $720/month. It sleeps 5 comfortably and includes all furnishings, décor, and essentials, making it truly turnkey for investors—or perfect for an owner-occupant seeking an income-producing setup from day one. Whether you're looking to expand your STR portfolio or dive into the Indy market with a move-in-ready home, this one checks all the boxes. Offered at just $199,000 including everything—this is a rare find in one of Indy’s fastest-growing neighborhoods. Don’t miss your chance to own a proven performer in the heart of it all!