$145,000

2205 Hendricks Street, Anderson, IN 46016

3 beds |
1 bath |
1,474 sqft

Single-Family Home
Built in 1900
6,534sqft lot
1 car garage
$98/sqft
Listed 2 months ago

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.

Listing Status:: Active
Data Last Updated:: May 20, 2026 at 6:18PM
Listing Office:: Inspired Realty : 317-732-7002
Listing Agent:: Alyssa Burton : 317-732-7002
MLS ID:: 22089473

General: Attic Access
Appliances: DishwasherElectric Water HeaterMicrowaveElectric OvenRefrigerator
Laundry: In Unit
Basement: Unfinished
A/C: Central Air
Heating: Forced AirNatural Gas
Fireplace: Fireplaces: 0

Style: Traditional
Parking: Attached

General: OneBlock

Originating MLS: mibor
School District: Anderson Community School Corp
County: Madison

Zoning: Woodlawn & 1/2 Vac Alley 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:481113303186000003

Water: Public

Source: mibor

This listing courtesy of Alyssa Burton , Inspired Realty

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Principal & Interest $
Property Taxes $
Home Insurance $
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