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2205 Hendricks Street

Anderson IN 46016

3
1
1
2254 sq. ft.
6700 sq. ft.
Single-Family
Currently for sale - view listing

Overview

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.

Features

3 bedrooms
1 bathroom
1 carspace
1 garage space
2254 sq. ft. floor area
6700 sq. ft. lot size
Single-Family

Happy sellers in Anderson

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Local market activity for 3 bedroom single-family properties in Anderson

In the last 12 months, 69 three-bedroom single-family properties similar to 2205 Hendricks Street, have been sold.

This represents a 6% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

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