5117 Rapido Road
Houston, TX 77033
1053 sqft | 3 beds | 1 bath | 0.13 acres | #89415044
Description
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.
Property Details
- Lot DescriptionBack Yard, Subdivided, 0 Up To 1/4 Acre
- Elementary SchoolKELSO ELEMENTARY SCHOOL
- Property SubtypeSingle Family Residence
- Middle SchoolAttucks Middle School
- High SchoolWORTHING HIGH SCHOOL
- StyleContemporary/Modern
- InteriorAll Bedrooms Down
- Structure TypeFree Standing
- Sewer InformationPublic Sewer
- School District27 - Houston
- SubdivisionSouth Park
- Property TypePurchase
- MLS #89415044
- MLS #89415044
- Acres0.1271
- Utility SourcePublic
- CountyHarris
- Taxes Annual$2,024
- Cost210000
- Square Feet1053
- Year Built1950
- FoundationSlab
- Bedrooms3
- Bathrooms1
- Full Baths1
Location
Legal
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Last Updated:Â . Source: HARMLS
Listing Courtesy
Listing Agent: Jerome Love (#JLOVE)
Listing Office: LHS Realty Group (#LHSR01)
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