$225,000 · HOUSTON, TX 77057
Works for flippers · Works for landlords

Available

$225,000Asking price

3 bd · 2.5 ba · 1,892 sq ft · built 1977

HOUSTON, TX 77057

No contract on file

via InvestorLift Classic

4 views · listed Nov 3

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $325,000
Asking price: −$225,000
RepairsMiddle of the seller’s $25,000 – $35,000. Ours: $23,000 – $48,000: −$30,000
Loan, holding, closing20% down, 12% interest, 2 points, 72 days: −$24,361
Profit14.0% of ARV · flippers want 10%+: $45,639
Works

Works for a flipper up to $237,000.

ENCORE ACQUISITIONS

Brandon - Encore

No reviews yet

Comps

Sales

Rents

ARV $325,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $342,000.

The sales behind this value are shown to members.

ARV $325,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ENCORE ACQUISITIONS

Brandon - Encore

No reviews yet

Seller Description

Galleria-Area Townhome | Value-Add Opportunity

Offering Price: $225,000 Estimated Rehab: $35,000 ARV: $325,000+ Potential Gross Spread: $65,000+

Off-market 3-bedroom, 2.5-bath townhome in a gated central Houston community with strong upside for a flip or long-term hold.

Property Highlights

1,892 SF
3 Beds / 2.5 Baths
2-Car Garage
Rooftop Deck
Large skylights and abundant natural light
Fireplace and balcony
Roof replaced within the last few years
Two HVAC systems: one replaced in 2018, one in 2009
HOA covers exterior maintenance, roof, gutters, landscaping, pool, gates, and more

Excellent central Houston / Galleria-area location with convenient access to shopping, dining, entertainment, major employment centers, and key Houston freeways.

The gated community and HOA-maintained exterior make this an attractive option for investors looking for a lower-maintenance asset in a highly desirable part of town.

Comparable Sales

1836 Augusta Dr #14 — $325,000 | 3/2.5 | 1,844 SF
1902 Augusta Dr #19 — $320,000 | 3/2.5 | 1,844 SF

At a $225,000 purchase price and approximately $35,000 in renovations, this property offers a compelling basis against nearby sales in the $320K–$325K range.

Call or Text 346-230-1340 for photos, access, or to submit an offer.

All property details, repair estimates, comparable sales, values, and projections are provided for informational purposes only and should be independently verified by the buyer.