5117 Rapido RD new Save Request In-Person Tour Request Virtual Tour
Houston,TX 77033
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,053 sqft
Price per Sqft $199
Subdivision South Park Add Sec 02
MLS Listing ID 89415044
Style Contemporary/Modern
Bedrooms 3
Full Baths 1
Year Built 1950
Annual Tax Amount $2,024
Tax Year 2024
Lot Size 5,536 Sqft
Property Sub-Type Detached
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.
Location
State TX
County Harris
Area 3
Interior
Heating Central,Electric
Cooling Central Air,Electric
Flooring Carpet,Plank,Vinyl
Laundry Electric Dryer Hookup
Exterior
Exterior Feature Fence,Private Yard
Fence Back Yard
Roof Type Composition
Building
Lot Description Subdivision
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Kelso Elementary School
Middle Schools Attucks Middle School
High Schools Worthing High School
School District 27 - Houston