This 2-bedroom, 2-bath single-family home in Fredericksburg offers a solid foundation for a potential flip. With a listing price of $225K and comparable properties selling for up to $396K, there's a good equity gap. The large 3.15-acre lot has appeal, but the home needs cosmetic updates to maximize its value. The average price per square foot in the area is around $263, indicating potential appreciation post-renovation.

To enhance its marketability, focus on kitchen and bathroom upgrades, which yield the highest returns on investment. Consider creating an open floor plan to modernize the space. Given the desirable Fredericksburg location, these improvements can help position the property competitively in the market. It’s crucial to do a thorough cost analysis for renovations to ensure you maintain profitability.