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$127,000

NAL Estimated Property Value

1131 W 2nd St, Freeport, TX, 77541

$165,100 ARVInfo
Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,716 Sq Ft
price_per_sqft$67.02 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 5Bathrooms Full 5
Heating Wood BurningHeating Wood Burning
FlooringCarpet, Vinyl

Exterior

Lot Size6,996 sqft

Building Information

Year Built1950
Stories1
Roof Type105
Garage Spaces2

Land Information

APN4200-1304-000
Lot Number1
SubdivisionFreeport
Land UseResidential
Legal DescriptionFREEPORT BLK 128 LOT 1
Census Tract664400
Assessed Land Value$29,400
Assessed Improvement Value$59,000
Assessment Year2025

About this property

MAIN HOUSE AND A GARAGE APARTMENT!!! One a large corner lot, the 988 sq ft main house includes 3 bedroom, 1 bath and the 728 sq ft garage apt includes 2 bedroom, 1 bathroom. This property has been income producing for 15+ years. The garage apt has its own address and is on separate water and electric meters from the main home. The 2 car garage is sectioned off to where the main home can access one of the garages and the garage apt has a private entrance and a garage space.Located in the heart of Freeport and a short drive to the coast. Located to proximity of employment, schools, restaurants and shopping.Some recent updates include: new flooring and carpet throughout both living spaces (2025), fresh paint (2025), new roof (2025), electrical main to garage apt (2025). Property is being SOLD AS-IS, NEVER flooded, buyer backed out last minute for personal reasons unrelated to the contract.

Investor Tools

Property Icon
$127,000
Estimated Property Value
$0Estimated Mortgage Balance
$127,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$149,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$762 /month
Positive
Cash Flow Estimate:
$254 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$216/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,953
$88,400
2025
$29,400
$59,000
$88,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,953
$88,400

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$127,000
100%
0%
$0/mo

City: Freeport

1131 W 2nd St | Property Details | No Agent List