2205 Hendricks Street
Anderson, IN, 46016 $ 145,000
Bedrooms3 Baths1.0 Sq 2,254 Monthly Estimate*
$ 893
for $145,000 with 3 bedrooms and 1 full bath. This 2,254 square foot home was built in 1900 on a lot size of 0.15.
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.
See more
FeaturesInteriorInterior Amenities Attic Access
Basement Unfinished
Total Fireplaces 0
Basement (Y/N) Y
Half Baths 0
Laundry Features In Unit
Total Bedrooms 3
Below Grade Finished Area 0
Main Level Bedrooms 3
Total Baths 1
See more
GeneralHeating Forced Air Natural Gas
Cooling Central Air
Possession Closing
Appliances Dishwasher Electric Water Heater Microwave Electric Oven Refrigerator
Garage Spaces 1
Architectural Style Traditional
Construction Materials Vinyl With Stone
Year Built 1900
Township Anderson
Levels One
Property Subtype Single Family Residence
Tax Year 2024
County Madison
New Construction N
Property Type Residential
HOA N
Subdivision Name Woodlawn W Add
Garage Y/N N
Total Rooms 2
Full Baths 1
Status Active
Directions From Scatterfield go west on W 38th st north on S Madison St and east on w 22nd st.
High School Anderson High School
City Anderson
High School District Anderson Community School Corp
MLS Area 4810 - Madison - Anderson NW
Lot Size Square Feet 6700
Property Attached Y/N N
Current Financing Conventional FHA VA
Standard Status Active
Tax Lot 291
Legal Description Woodlawn & 1/2 Vac Alley 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
See more
ExteriorParking Features Attached
Water Source Public
Foundation Details Block
Building Area Total 2254
Lot Size Acres 0.15
Other Equipment Smoke Alarm
Horse Amenities None
See more
* Excluded FeaturesList Byab.inspiredinvestments@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $893
- Monthly Property Taxes
- $115
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Anderson, IN
Average List Price $217,184
Percent of Sale Price 50%
About Anderson, IN 55,687 Population
-8% Since 2002
$ 35,343 Median Income
38.12 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
4044991 Elementary School
4045006 Middle School
Anderson High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/16/2026 | $145,000 | | Listed Price |