5209 Tarawa Rd, Houston, TX 77033
- $157,000
- 3
- BD
- 1
- BA
- 1,080
- SqFt
- List Price
- $157,000
- Status
- ACTIVE
- MLS#
- 83952275
- Price Change
- ▼ $53,000 1762286336
- Days on Market
- 375
- Year Built
- 1956
- Style
- Contemporary
- Bedrooms
- 3
- Bathrooms
- 1
- Full-baths
- 1
- Living Area
- 1,080
- Lot Size
- 6,560
- Lot Size Source
- Appraiser
- Subdivision
- South Park Sec 02
- Region
- 3
- Market Area
- Medical Center South
- County
- Harris
Property 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 home offers exceptional tenant stability, with the current resident occupying the property for eight years. The lease is currently month-to-month, creating immediate flexibility for rent adjustment or repositioning to market rates. Following a fire in 2016, the property underwent a complete rebuild, including new framing, plumbing, electrical, kitchen, flooring, and interior finishes, ensuring modern systems and long-term durability. Condition & Value-Add: The property operates with window-unit HVAC (no central air), representing a straightforward improvement opportunity. Given the below-market rent and upgraded condition, this property is ideally positioned for rent growth and enhanced value through HVAC installation and lease restructuring.
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Additional Information
- Taxes
- $2,313
- Neighborhood
- Medical Center South
- Interior Features
- Granite Counters
- Heating
- None
- Cooling
- Central Air, Gas
- Stories
- 1
- Lot Description
- Subdivision
- Foundation
- Slab
- Appliances
- Electric Oven, Range, Oven
- Roof
- Composition
- School District
- Houston
- Elementary School
- Kelso Elementary School
- Middle School
- Attucks Middle School
- High School
- Worthing High School
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Listing courtesy of LHS Realty Group.