5209 Tarawa Road
Houston, TX 77033
1080 sqft | 3 beds | 1 bath | 0.15 acres | #83952275
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.
Property Details
- Lot DescriptionBack Yard, Subdivided, 0 Up To 1/4 Acre
- Elementary SchoolKELSO ELEMENTARY SCHOOL
- Property SubtypeSingle Family Residence
- Middle SchoolAttucks Middle School
- High SchoolWORTHING HIGH SCHOOL
- StyleContemporary/Modern
- InteriorAll Bedrooms Down
- Structure TypeFree Standing
- Sewer InformationPublic Sewer
- School District27 - Houston
- SubdivisionSouth Park
- Property TypePurchase
- MLS #83952275
- MLS #83952275
- Acres0.1506
- Utility SourcePublic
- CountyHarris
- Taxes Annual$2,313
- Cost210000
- Square Feet1080
- Year Built1956
- FoundationSlab
- 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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