Stabilized 12-Home SFR Portfolio | Houston, TX | $142K NOI | 5.5% Cap | Rent Growth & Market Appreciation Potential *** OPPORTUNITY ZONE *** (Seller will not sell home individually)
This property provides immediate flexibility for value creation as the tenant is on a month-to-month lease, allowing for a rent adjustment or new lease structure. Significant interior renovations were completed in 2013, including all interior plumbing, bathroom remodel, new HVAC, flooring, sheetrock, and electrical upgrades. In 2022, the kitchen was fully remodeled, further enhancing interior appeal.
Condition & Value-Add:
The primary opportunity lies in exterior improvements—siding and window replacement—which would align the property with interior quality and support a rent increase to $1,250 or more per month.
Please review attachment will all other properties in portfolio sale.
For sale
$210,000
5117 Rapido Rd, Houston, TX 77033
3beds
1,053sqft
Est.:
Single Family Residence
Built in 1950
5,536.48 Square Feet Lot
$205,600 Zestimate®
$199/sqft
$-- HOA
What's special
Bathroom remodelNew hvacInterior plumbingExterior improvementsElectrical upgradesWindow replacement
- 72 days |
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