This 5-bedroom, 1-bathroom Craftsman-style home on Little Lake Jackson presents a unique opportunity for investors. Built in 1981, the 3,792 sq ft property is priced at $229K, significantly below the area's median sold price of $572K. Its waterfront location and spacious lot are valuable assets, but the 'fixer-upper' condition suggests substantial renovation needs.
Given the low price point and desirable location, this property has strong flip potential. Focus on modernizing the interior, particularly adding bathrooms to match the bedroom count. Enhance the waterfront appeal with outdoor living spaces. With strategic renovations, you could potentially resell for $400K-$450K, considering the median price per sq ft of $154 in the area.