2205 Hendricks Street, Anderson, IN 46016

$145,000

  • Open House
  • New Listing
  • Price Reduced
  • Sold
  • Leased
  • Virtual Tour
-1 More Schedule
  • 3 BedroomBeds
  • 1 BathroomBaths
  • 2,254Sqft
  • 0Acres
  • Single FamilyType
  • 22089473MLS#
-1 More Schedule

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Property Description

Turnkey Rental - Fully Renovated from the Studs Up Investment Opportunity: Currently rented for $1,469 per month, with the tenant paying all utilities and handling lawn care, creating a low-maintenance income property. At the $145,000 list price, the property delivers approximately a 1% rent-to-price ratio, a metric many investors seek. This 3-bedroom, 1-bathroom home offers approximately 1,500 sq ft of living space and sits on a spacious 6,700 sq ft lot with a large backyard. Conveniently located with easy highway access and just a 4-minute drive to Anderson's downtown historic district, making it attractive for long-term tenants. The home was fully renovated in 2022 from the studs up, with extensive improvements including: Exterior: new roof, fascia, siding, gutters, exterior paint, concrete work, and windows. HVAC: new furnace, AC unit, water heater, thermostat, and gas meter. Plumbing: new underground water line, updated interior plumbing lines and fixtures, and washer/dryer hookups. Electrical: complete rewire with new panel, meter, and modern light fixtures. Interior: new drywall, paint, flooring, trim, cabinets, quartz countertops, doors, vanities, and stainless steel appliances. With major systems, structure, and interior finishes all replaced in 2022, this property offers investors a turnkey rental with minimal near-term maintenance needs. Strong rental income, extensive renovations, and low owner expenses make this a compelling addition to any portfolio.


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Property Details 2205 Hendricks Street, Anderson, IN 46016

Facts & Features

  • MLS #: 22089473
  • Status: Active
  • Type: Single Family
  • Sub Type: Single Family Residence
  • Year Built: 1900
  • Style: Traditional
  • Price: $145,000
  • Acres: 0.15
  • Area: 4810 - Madison - Anderson NW
  • County: Madison
  • Subdivision: Woodlawn W Add
  • Bedrooms: 3
  • Bathrooms: 1
  • Full Baths: 1
  • Total SqFt: 2,254

Amenities

  • # of Garages: 1
  • Pet Friendly: Yes

Interior

  • Interior Features: Attic Access
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Electric Oven, Refrigerator
  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Basement: Yes

Exterior

  • Construction: Vinyl With Stone

Schools

  • School District: Anderson Community School Corp
  • High: Anderson High School

Additional Information

  • Date Listed: 03/16/2026

Tax Information

  • Tax: $1,382

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