5223 Myrtlewood Street
Houston, TX 77033
875 sqft | 3 beds | 1 bath | 0.14 acres | #60370590
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 offers stable income with a long-term tenant in place for five years, secured through October 2025. Significant structural and exterior upgrades have been completed, including new siding, windows, and exterior paint (2020), underground plumbing replacement (November 2024), and a roof replacement in 2019—substantially reducing near-term capital expenditure risk.
Condition & Value-Add:
The property currently operates with window-unit HVAC (no central air), and the kitchen remains dated, creating opportunities for investors to enhance rental income through modernization and optional HVAC installation. With core systems updated, these improvements are largely discretionary and positioned to drive rent growth and overall asset value.
Ideal for institutional investors.
Property Details
- Lot DescriptionBack Yard, Subdivided, 0 Up To 1/4 Acre
- Elementary SchoolBASTIAN ELEMENTARY SCHOOL
- Property SubtypeSingle Family Residence
- SubdivisionInwood Terrace Sec 02
- Middle SchoolAttucks Middle School
- High SchoolWORTHING HIGH SCHOOL
- StyleContemporary/Modern
- InteriorAll Bedrooms Down
- Structure TypeFree Standing
- Sewer InformationPublic Sewer
- School District27 - Houston
- Property TypePurchase
- MLS #60370590
- MLS #60370590
- Acres0.1414
- Utility SourcePublic
- CountyHarris
- Taxes Annual$2,078
- Cost200000
- Year Built1955
- FoundationSlab
- Square Feet875
- 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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