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Listed by Kyle Hoffman • @properties
$ 249,900
Est. payment /mo
New
1119 S Randolph ST Indianapolis, IN 46203
2 Beds
2 Baths
998 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 998 sqft
Price per Sqft $250
Subdivision Bradleys Prospect
MLS Listing ID 22102045
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1920
Tax Year 2024
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Single Family Residence
Property Description
Rare opportunity to purchase two furnished, income-producing mid-term rental properties preferably sold as a pair in one of Indy's most convenient near-downtown locations. Located at 1119 and 1123 S Randolph St, these two neighboring homes share a backyard and have been successfully utilized as furnished rent-by-the-room stays, primarily serving healthcare professionals and traveling tenants looking for flexible housing near downtown Indianapolis, Fountain Square, local hospitals, and major employment hubs. The properties offer a strong current income, operational flexibility, and long-term upside. Each home is already furnished and currently operating as a room-by-room rental, creating a turnkey opportunity for an investor looking to step into an existing mid-term rental model rather than build one from scratch. Income for 1119 S Randolph St generated $36,157.17 in total gross income, while 1123 S Randolph St generated $32,215.26 in total gross income. Together, the two properties produced $68,372.43 in total gross income during that period. Whether continuing the current furnished rent-by-the-room strategy, transitioning to traditional mid-term rentals, or exploring another furnished housing model, this package gives investors multiple paths to operate and optimize. With proximity to downtown Indy, Fountain Square, local hospitals, major interstates, restaurants, nightlife, and employment centers, these homes are well-positioned for continued tenant demand from traveling healthcare workers, professionals, and renters seeking flexible furnished housing.
Location
State IN
County Marion
Interior
Interior Features Attic Access, Eat-in Kitchen
Heating Forced Air
Cooling Central Air
Fireplace Y
Appliance Dishwasher, Electric Oven, Refrigerator
Building
Story Two
Foundation Block
Water Public
Architectural Style Traditional
Structure Type Aluminum Siding
New Construction false
Schools
School District Indianapolis Public Schools
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Mia Chatman
Broker/Owner | License ID: RB17000298