🏠Off market deal – Bridge City, TX Investment Property

3 Beds / 3 Baths • 1,800 SqFt
Offer Submission Deadline
  • Single Family House
  • 3
  • 3
  • 1960
  • 1800
  • 1800
  • Attached Garage

Description


📍 Address: 250 Lamesa Dr, Bridge City, TX 77611

💰 Asking Price: $150,000

📈 After Repair Value (ARV): ~$230,000

🏗️ Condition: Requires minimal cosmetic updates such as fresh paint, cleaning, and light touch-ups.

🔧 Ideal for fix-and-flip or rental hold investors


💸 Comparable Sales (ARV Support):

📍 401 Bradford St

  • 3bd / 2ba | 1,600 sqft | Built 1963
  • Sold for $235,000 (Jan 29, 2025)

📍 436 S Inwood Dr

  • 3bd / 2ba | 1,951 sqft | Built 1961
  • Sold for $229,000 (Apr 29, 2025)

These comps are similar in size and age — proving strong upside potential after rehab.


💰 Rental Income Potential:

📍 2339 Beverly St

  • 3bd / 2ba | 1,636 sqft
  • Rented for $1,650/month

🏡 Average rental comps in the area: $1,600–$1,700/month

🟢 Ideal for BRRRR or long-term passive income.


🔍 Deal Summary:

  • Price: $150,000
  • ARV: $230,000
  • Rental Comp Range: $1,600–$1,700
  • Exit Strategies: Flip, BRRRR, Buy & Hold
  • Closing: Buyer pays all closing costs
  • Assignment contract available – cash or hard money only

Estimated Spread

  • ARV $230,000
  • Price $150,000
  • Spread $80,000