$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 17 days 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:: April 2, 2026 at 6:17AM
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

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Anderson Elementary School

2035 Raible Ave, Anderson, IN, 46011

Grades KG-4

1.20 miles away

Compass Alternative School

2010 Brentwood Dr, Anderson, IN, 46011

Grades 7-10

1.31 miles away

Anderson High School

4610 S Madison Ave, Anderson, IN, 46013

Grades 9-12

1.93 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.