Off-Market Deal with Upside Potential in Hempstead, TX

3 Beds / 2 Baths • 2,074 SqFt
Offer Submission Deadline
  • Single Family House
  • 3
  • 2
  • 1965
  • 2074
  • 12500

Description

Property Details

Solid single-family home with attached garage and office space with separate entrance. Large corner lot plus adjacent vacant lot and small storage building, offering added flexibility and upside. Close proximity to high school, university, Hempstead Logistics Park, and easy access to US-290.

Deal Summary

Value-add opportunity with multiple exit strategies. Solid property with outdated interior - remodel unlocks upside. Works as a light flip or rental. Available for cash purchase or subject-to financing to take advantage of existing low interest rate. Property is priced for value-add and positioned for both short-term renovation plays or long-term hold with favorable carry.

Deal Terms

  • Cash or Creative (Subto, seller finance, other)
  • Earnest Money: $5,000
  • Close By: May 15, 2026
  • Assignment Allowed: No

*Proof of Funds required

Mortgage Details

  • Mortgage Balance: $165,000
  • Interest Rate: 4.75%
  • PITI: $1,252

Property Highlights

  • Light repairs, cosmetic updates needed - tons of upside potential
  • Large corner lot + adjacent vacant lot (expand, build, resell)
  • Office space with separate entrance (potential for in-law suite or rental income)
  • Close proximity to a high school, logistics parker, and a university (strong rental demand)

Comparable Properties

StatusAddressBedsBathsSq FtStatus DatePrice
Sold2501 16th St321,01206/19/2025$175,000
Sold2029 6th St321,08006/06/2025$185,000
Active1305 2nd St321,74011/21/2025$240,000
Active1740 6th St322,05602/10/2026$325,000

Estimated Spread

  • ARV $280,000
  • Price $195,000
  • Spread $85,000

Similar Properties

single_propertie_
Duplex Investment Opportunity in Sinton, TX

5 Bedrooms | 2 Baths | 2,061 ft

single_propertie_
Value-Add Opportunity in Stockton, MO

3 Bedrooms | 1 Baths | 1,584 ft