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$99,999
Est. payment /mo
2 Beds
2 Baths
1,594 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,594 sqft
Price per Sqft $62
Subdivision Victory Freeport
MLS Listing ID 82344896
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1942
Annual Tax Amount $2,637
Tax Year 2025
Property Sub-Type Duplex
Property Description
Investor's dream! This tenant-occupied duplex delivers immediate income and strong upside potential. Both units are leased — one at $760 (since Aug 2025) and the other at $740 with a long-term 6-year tenant — well below market rents, offering built-in value-add opportunity. The property needs some cosmetic updates, but the fundamentals are solid: reliable tenants, consistent rent history, and a projected 10% cap rate with an estimated 20% cash-on-cash return. Ideal for investors seeking turnkey cash flow with room to increase equity through renovations and rent adjustments. Secure stable income today while positioning for higher returns tomorrow with this proven income-producing duplex.
Location
State TX
County Brazoria
Area Freeport
Interior
Heating Window Unit
Cooling Window Unit(s)
Fireplace No
Exterior
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Schools
Elementary Schools Freeport Elementary
Middle Schools O'Hara Lanier Middle
High Schools Brazosport High School
School District 7 - Brazosport
Others
Tax ID 8125-0065-000
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Listed by Prime Realty Group David Gutierrez
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Lone Star Luxe Real Estate LLC
Brokerage | License ID: 9014342
Brokerage License ID: 9014342