5117 Rapido Rd, Houston, TX 77033
- $149,000
- 3
- BD
- 1
- BA
- 1,053
- SqFt
- List Price
- $149,000
- Status
- ACTIVE
- MLS#
- 89415044
- Price Change
- ▼ $61,000 1762286336
- Days on Market
- 372
- Year Built
- 1950
- Style
- Contemporary
- Bedrooms
- 3
- Bathrooms
- 1
- Full-baths
- 1
- Living Area
- 1,053
- Lot Size
- 5,538
- Lot Size Source
- Appraiser
- Subdivision
- South Park Add 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 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.
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Additional Information
- Taxes
- $2,024
- Neighborhood
- Medical Center South
- Interior Features
- Ceiling Fans
- Heating
- Central, Electric
- Cooling
- Central Air, Electric
- Stories
- 1
- Lot Description
- Subdivision
- Foundation
- Slab
- Appliances
- Electric Oven, Electric Range, 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.