Available
$149,900(ARV: $270,000)56% of ARV

Fort Bend County, Richmond, TX 77469

3 bd2 ba1,648 sfBuilt 1968

4 days ago

Gross spread$120,100

Description

Off-market brick 3/2 in Richmond with a large lot, no HOA, and strong flip or rental potential! Purchase Price: $149,900 ARV: ~$270,000 Beds/Baths: 3/2 Sq Ft: 1,648 SF Lot: 10,621 SF Garage: 2-Car Detached Year Built: 1968 Estimated Rehab: ~$50,000 Projected Rent: $1,800-$2,000/Month Access: Showing This property primarily needs cosmetic updates throughout to push toward top-market value. No known foundation issues, roof is reported to be in decent condition, and the rehab is estimated around $50K. At a $149,900 purchase price plus approximately $50K in rehab, an investor would be around $199,900 in purchase + renovation costs before holding, financing, closing, and resale expenses. That leaves approximately $70K between the projected purchase + rehab basis and a conservative $270K ARV. SHOWING TODAY! Call Kevin [contact details hidden] HOT SELLING POINTS: • Mostly cosmetic renovation • No known foundation issues • Brick 3/2 • 1,648 SF • Large 10,621 SF lot • 2-car detached garage • Outside flood zone • No HOA • Strong flip OR rental exit SHOWING TODAY! Call Kevin [contact details hidden] SOLD COMP SUPPORT: 1106 Long Dr – 3/2 | 1,683 SF | 10,320 SF Lot | Sold $307,500 | Approx. $183/SF | 4 DOM 2012 Briar Ln – 4/2.5 | 2,172 SF | Sold $300,500 | Approx. $138/SF 2016 Briar Ln – 3/2.5 | 1,951 SF | Sold $260,000 | Approx. $133/SF RENTAL SUPPORT: 1116 Frances Dr – 3/2 | 1,724 SF | Leased $1,800/Month 1803 Cypress Dr – 3/2 | 1,376 SF | Leased $1,875/Month 1703 Cypress Dr – 4/2 | 1,871 SF | Leased $2,000/Month SHOWING TODAY! Call Kevin [contact details hidden] Get with me for showing times or any questions.

$/sqft vs market

This deal$91/sqft
Market median$159/sqft
Difference−43% below

Median of 13 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms3
Bathrooms2
Square feet1,648
Lot size10,629 sf
Year built1968
ConditionLight Rehab
OccupancyOwner Occupied
ParkingDetached Garage

Systems & condition

Roof age1-3 yrs
HeatingFurnace
Air conditioningCentral AC
FoundationSlab
Foundation conditionGood

Self-reported by the seller. Not inspected.

Property information

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