🔥 Rare 3-bedroom, 2-bath ranch condo opportunity in Indianapolis! This property offers investors an attractive entry point into the Hidden Bay community with strong nearby sales and an ARV of approximately $190K.
This 1993-built condo/townhouse features 3 bedrooms, 2 bathrooms, 1,405 square feet, an attached garage, and sits on a 4,596 sq ft lot.
Property Condition: Level 3 rehab. Estimated renovation costs are approximately $62,466, with kitchen and bathroom work and/or two systems identified as the primary rehab scope. The furnace and A/C are approximately 2 years old, while the roof is approximately 10 years old and covered by the HOA.
🔧 Property Features:
- 3 bedrooms / 2 bathrooms
- 1,405 SF
- Rare ranch-style condo configuration
- Attached garage
- 4,596 sq ft lot
- Furnace approximately 2 years old
- A/C approximately 2 years old
- Roof approximately 10 years old — HOA maintained
- Original windows
- Slab foundation
- AES electric
- Citizens water and sewer
- No gas service
📈 Nearby Comparable Sales:
- 5451 Bay Harbor Dr – 2 bed / 2 bath, 1,516 SF – Sold for $185,000 (as-is, 15 DOM)
- 6430 Cotton Bay Dr N – 2 bed / 2.5 bath, 1,720 SF – Sold for $195,000
- 5348 Bay Harbor Dr – 2 bed / 2.5 bath, 1,390 SF – Sold for $195,000 (1 DOM)
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