Investor Special: Spacious 4-Bedroom Home on a Pond—Cash-Only Opportunity at 5613 Willowridge Ct, Indianapolis, IN 46221
Offered at $220,000 and located on a quiet cul-de-sac in the heart of Decatur Township, 5613 Willowridge Court presents a rare and rewarding opportunity for investors, flippers, or cash buyers seeking strong upside potential. This large two-story home sits on an attractive pond lot and features a total of 4 bedrooms, 2.5 bathrooms, a basement, and a 2-car attached garage, offering the type of floor plan and square footage that today’s buyers are actively seeking. With the home already priced to reflect needed repairs and the short sale process underway, this property is positioned for instant equity once renovations are completed.
A Spacious Layout with Desirable Features
The main level offers an inviting and open floor plan that begins with a covered front porch—perfect for morning coffee or welcoming guests. Inside, the home’s generous living spaces immediately stand out. The large family room features a soaring vaulted ceiling, a relaxing pond view, and seamless flow into both the kitchen and breakfast nook. A sliding door leads directly to the rear deck, creating a comfortable indoor-outdoor living experience ideal for entertaining or simply enjoying the tranquil water setting.
The kitchen is one of the highlights, boasting white cabinetry, stainless steel appliances, and plenty of workspace. Its open connection to the family room ensures no one misses out on conversation during meal prep. Adjacent to the kitchen, the dining area provides an additional gathering space and overlooks the backyard.
Upstairs, the home includes four well-sized bedrooms. The primary suite offers great potential, with a private bathroom requiring some valve repairs but promising an excellent layout once restored. Two additional full bathrooms—one on the upper level and a half bath on the main floor—support convenience for family and guests.
Basement and Outdoor Space
A basement provides valuable storage or the possibility for finished living space after remediation. The backyard is generous in size and partially fenced, offering versatility for outdoor activities, pets, gardening, or future landscaping improvements. A storage barn is also included, allowing for extra tools, equipment, or seasonal items. With its peaceful pond backdrop and quiet cul-de-sac location, the property’s setting adds significant appeal, especially for future resale.
The Work Needed—And the Opportunity It Creates
This home is being offered as a cash-only sale, and the price reflects the repairs that a new owner will need to address. The property sat through the winter with the water on, resulting in water intrusion in the basement and the presence of mold, which will require professional remediation. There is also damage to the finished flooring in both the kitchen and dining room, likely caused by the same issue.
Some wall repairs will be needed throughout, along with fixes to the master shower valve and washing machine valves. The yard will also benefit from cleanup, trimming, and general attention. While these needs are not insignificant, they are well within the typical scope of investor renovations—and importantly, the home’s structure, size, lot, and location are strong positives that support a profitable flip or long-term rental.
Why Investors Should Take a Closer Look
Despite the necessary updates, this property offers far more upside than downside. Its layout, pond view, desirable neighborhood, and generous square footage make it a strong candidate for renovation. Homes with this floor plan and location routinely sell for much higher once improved, positioning this as an excellent instant-equity opportunity.
The short sale process has already begun, meaning the bank is engaged and the path is set for a buyer who can move efficiently. For the investor who understands the value of a well-located cosmetic and mechanical project, 5613 Willowridge Ct represents an exceptional chance to transform a distressed property into a profitable asset.
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FROM ZILLOW