$115,000 · FREEPORT, TX 77541
Works for flippers · Works for landlords

Available

$115,000Asking price

3 bd · 2 ba · 1,524 sq ft · built 1940

FREEPORT, TX 77541

Contract on file

via InvestorLift Classic

Listed Sep 22

Works for flippers

Works for landlords

Flip

Rental

Sells for (ARV)From the listing: $205,000
Asking price: −$115,000
RepairsMiddle of the seller’s $10,000 – $20,000. Ours: $21,500 – $45,000: −$15,000
Loan, holding, closing20% down, 12% interest, 2 points, 66 days: −$13,436
Profit30.0% of ARV · flippers want 10%+: $61,564
Works

Works for a flipper up to $153,000.

STONECREST RESIDENTIAL LLC

Reed Myerscough

No reviews yet

Sales

Rents

ARV $205,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $112,000.

The sales behind this value are shown to members.

ARV $205,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

STONECREST RESIDENTIAL LLC

Reed Myerscough

No reviews yet

PROPERTY OVERVIEW

Type: Single-Family, 3 Bed / 2 Full Bath
Size: 1,524 SqFt on a 7,000 SqFt lot
Year Built: 1940
Foundation: Pier & Beam
HVAC: Central electric heat & air
Parking: Driveway
Features: Family room open to kitchen, utility room, covered patio/deck, fenced backyard

PROPERTY HIGHLIGHTS

LIGHT REHAB: mostly cosmetic, quick turnaround
Oversized 1,524 SqFt 3/2, bigger than most homes on the block
Freeport, TX (Brazoria County) on the Gulf Coast, about an hour south of Houston
Works as a quick flip or a buy-and-hold rental
VACANT: easy access for showings and walkthroughs
Sold AS-IS

Photos are from the prior 2020 listing. Walkthroughs available to verify current condition.

REPAIRS NEEDED

Light cosmetic rehab: fresh paint, flooring touch-ups, fixture updates and general cleanup
Estimated repair cost: $10,000 - $20,000

ARV: $205,000 based on comps (MLS sold, within a few blocks)

529 W 4th St, Freeport: 3 Bed / 2 Bath, 1,292 SqFt, sold 01/30/2026 for $189,000
631 W 8th St, Freeport: 4 Bed / 2.5 Bath, 1,581 SqFt, sold 10/14/2025 for $232,500
Renovated comps are selling for $146-$147/SqFt. At 1,524 SqFt, $205K ARV is conservative.

RENTAL POTENTIAL

Subject property last leased in 2022 at $1,400/mo (updated kitchen, all appliances)
623 W 5th St, 3 Bed / 2 Bath, 1,302 SqFt, leased for $1,395/mo (12/2025)

DEAL TERMS

Asking $115,00 , cash or hard money, AS-IS, assignment of contract
$1,000 minimum EMD
Buyer pays all closing costs
Note: closing is subject to the seller completing probate if the title requires it

Light rehab, big square footage and room for a solid spread. Don't sit on this one. Submit your offer today!

Call or text Reed Myerscough at (808) 953-0910