5117 Rapido Rd, Houston, TX 77033
- Beds
- 3
- Bath
- 1
- Sqft
- 1,053
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Overview
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.
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Location
Full feature list
Basic info
- Property type
- House
- Number of stories
- 1
- Number of bedrooms
- 3
- Number of bathrooms
- 1
- Square feet
- 1,053
- Lot size (acres)
- 0.13
- Year built
- 1950
Interior features
- Laundry
- Electric Dryer Hookup
Utilities
- Heating
- Electric
- Cooling
- Ceiling Fans, Electric
Taxes
- Tax Annual Amount (2024)
- $2,024
Public schools
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Sourced from: Houston Association of Realtors MLS®#: 89415044 Last checked: …
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